DSGE Model of the Russian Economy with the Banking Sector

Dmitry Kreptsev () and Sergei Seleznev
Additional contact information
Dmitry Kreptsev: Bank of Russia, Russian Federation

No wps27, Bank of Russia Working Paper Series from Bank of Russia

Abstract: This paper presents the DSGE model of the Russian economy with the banking sector which the Bank of Russia uses for simulation experiments. We show how the introduction of the banking sector changes impulse responses of a standard DSGE model of a small open economy. We also demonstrate that the model has fairly good predictive power. The model enables us to study the effect of banking sector-specific shocks on the economy. Estimation on Russian data has led us to conclude that in this model such shocks did not have a significant effect on the real economy’s variables in the period under observation spanning years from 2006 to 2016.

Keywords: DSGE; BVAR; Russia’s economy; financial frictions; banking sector. (search for similar items in EconPapers)
JEL-codes: C61 E37 E47 G10 (search for similar items in EconPapers)
Pages: 79 pages
Date: 2017-12
New Economics Papers: this item is included in nep-cfn, nep-cis, nep-dge and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://cbr.ru/Content/Document/File/87562/wp27_e.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

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:bkr:wpaper:wps27

Access Statistics for this paper

More papers in Bank of Russia Working Paper Series from Bank of Russia Contact information at EDIRC.
Bibliographic data for series maintained by BoR Research ( this e-mail address is bad, please contact ).