Template-Type: ReDIF-Article 1.0
Author-Name: Andrei Polbin
Author-Name-First:  Andrei        
Author-Name-Last: Polbin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Sergey Drobyshevsky
Author-Name-First:  Sergey         
Author-Name-Last: Drobyshevsky
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Developing a Dynamic Stochastic Model of General Equilibrium for the Russian Economy
Abstract: This paper describes a dynamic stochastic general equilibrium (DSGE) model for the Russian economy. It takes into account a high dependence of the national economy on the oil export. The model consists of three production sectors: tradable and non-tradable sectors and oil extraction sector. Oil is exported and used as an input in tradable and non-tradable sectors. As an application of the calibrated model we analyze the macroeconomic effects of structural shocks that are popular in the literature and actual for the Russian economy including oil price shocks. 
Year: 2014
Issue: 166P
Pages:  156 pages
Classification-JEL: C61, C63, E32, E37, E40, E47, F41
Keywords:  Russian economy, stochastic model of general equilibrium.
File-URL: http://www.iep.ru/files/RePEc/gai/rpaper/124Drobyshevsky.pdf
File-Format: Application/pdf
File-Function: Revised version, 2013
Handle: RePEc:gai:rpaper:124
Language:ru