Development and Application of Econometric Models for Forecasting and Analysis of Monetary Policy Scenarios

Vladimir Malugin, Mikhail Demidenko (), Dmitry Kalechits (), Alexei Miksjuk () and Taras Tsukarev ()
Additional contact information
Mikhail Demidenko: National Bank of the Republic of Belarus, Belarus
Dmitry Kalechits: National Bank of the Republic of Belarus, Belarus
Alexei Miksjuk: National Bank of the Republic of Belarus, Belarus
Taras Tsukarev: National Bank of the Republic of Belarus, Belarus

Applied Econometrics, 2009, vol. 14, issue 2, 24-38

Abstract: A system of econometric models designed for forecasting target monetary indicators as well as conducting monetary policy scenarios analysis is presented. The econometric models integrated in the system are represented in the error correction form and are interlinked by means of monetary policy instruments variables, common exogenous variables characterizing external shocks, and monetary policy target endogenous variables. Forecast accuracy estimates and monetary policy analysis results are provided

Keywords: Econometric Modeling; Error Correction; Forecasting; Inflation; Exchange Rates; Interest Rates; Monetary Instrument; Monetary Policy; Policy Making (search for similar items in EconPapers)
JEL-codes: E17 E52 E58 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://pe.cemi.rssi.ru/pe_2009_2_24-38.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:apltrx:0030

Access Statistics for this article

Applied Econometrics is currently edited by Anatoly Peresetsky

More articles in Applied Econometrics from Russian Presidential Academy of National Economy and Public Administration (RANEPA)
Bibliographic data for series maintained by Anatoly Peresetsky ().