Exchange Rate Pass-Through in Russia

21 Pages Posted: 27 Jun 2014

See all articles by Yuriy Ponomarev

Yuriy Ponomarev

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Moscow Campus; Gaidar Institute for Economic Policy

Pavel Trunin

Gaidar Institute for Economic Policy

Alexei Uluykaev

Ministry of Economic Development of the Russian Federation

Date Written: March 25, 2014

Abstract

The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia during the period of 2000-2012 using vector error correction model. Exchange rate pass-through asymmetry estimates, its assessments on different sub-periods and exchange rate volatility effect on pass-through are also provided.

Keywords: exchange rate pass-through, asymmetry of exchange rate pass-through, exchange rate volatility, inflation, monetary policy, vector error correction model

JEL Classification: C32, E31, E52, F31, F41

Suggested Citation

Ponomarev, Yuriy and Trunin, Pavel and Uluykaev, Alexei, Exchange Rate Pass-Through in Russia (March 25, 2014). Available at SSRN: https://ssrn.com/abstract=2458881 or http://dx.doi.org/10.2139/ssrn.2458881

Yuriy Ponomarev (Contact Author)

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Moscow Campus ( email )

Moscow
Russia

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Alexei Uluykaev

Ministry of Economic Development of the Russian Federation ( email )

1,3 1-ya Tverskaya-Yamskaya
Moscow
Russia

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