Network structure of the economy and the propagation of monetary shocks: The case of Russia

被引：0

作者：

Deryugina, Elena ^{[1
]}

Leonidov, Andrey ^{[2
]}

Ponomarenko, Alexey ^{[1
]}

Radionov, Stanislav ^{[3
]}

Vasilyeva, Ekaterina ^{[3
]}

机构：

[1] Bank Russia, Moscow, Russia

[2] Moscow Inst Phys & Technol, Lebedev Phys Inst, Moscow, Russia

[3] Lebedev Phys Inst, Moscow, Russia

来源：

STRUCTURAL CHANGE AND ECONOMIC DYNAMICS | 2024年 / 71卷

关键词：

Money supply; Inflation; Cantillion effects; Networks; Input-output tables; PRICES; INPUT;

D O I：

10.1016/j.strueco.2024.08.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We calibrate a network model and monetary shocks based on empirical data from input-output tables for the Russian economy. We examine various aspects of the propagation of monetary shocks, such as the dispersion of relative prices and the local peak values of the aggregated price index achieved during the convergence to the new equilibrium. We show that these developments depend significantly on the way new money is injected into the economy.

引用

页码：315 / 319

页数：5