An econometric study of interest rate channel in Russia

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Empirical analysis of the interest rate channel of the transmission mechanism of monetary policy in Russia is investigated by applying a vector autoregression model based on monthly data for 2010-2019 under the Taylor rule. The results of the study confirm the presence of statistically significant impact of Bank of Russia’s key rate on the GDP.

Key rate, gdp, inflation, elasticity, transmission mechanism, monetary policy

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IDR: 170181758   |   DOI: 10.24411/2411-0450-2019-10749

Список литературы An econometric study of interest rate channel in Russia

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