Published October 7, 2022
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Prospects for Accounting and Measuring the Digital Economy Based on National Accounts Applications
Authors/Creators
- 1. Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus
- 2. Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow Campus, Institute of Applied Economic Research
- 3. Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus
- 4. Gaidar Institute for Economic Policy; Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies
- 5. Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research
- 6. Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)
Description
In this paper we estimate the degree of producer price rigidity in the Russian economy and identify the response of various industries to monetary policy shocks, taking into account the heterogeneity of the rigidity parameter. The first part of the paper reviews theoretical approaches to modeling producer price rigidity, including models in which price revisions depend either only on time, or only on the state of the economy, as well as a hybrid pricing model.
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SSRN-id3860137.pdf
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