Exchange rate pass-through in Russian Federation

Сентябрь 10, 2022

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Exchange rate pass-through in Russian Federation

Содержание

2. Presentation Plan Main aim of my research and relevance of this problem in Russian Federation Theoretical
3. Main aim to analyze the the exchange rate pass-through of the ruble in the prices of
4. Main theoretical definitions Exchange rate: Price for which the currency of a country can be exchanged
5. The main factors which have influence on exchange rate pass through RANEPA 2015 The macroeconomic situation
6. Practical example Suppose that the US is importing widgets from England Exchange rate Widgets cost $1
7. A simple model of the dependence of the exchange rate and inflation RANEPA 2015 The connection
8. Future goals of my research To analyze different mechanisms of ERPT (direct and indirect mechanisms) To
9. What I am going to use for this purpose? RANEPA 2015 Michael B. Devereux and James
10. References Пономарев Ю.; Трунин П.; Улюкаев А. Эффект переноса динамики обменного курса на цены в России.(2001)
12. Скачать презентацию

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Presentation Plan
Main aim of my research and relevance of this problem

in Russian Federation
Theoretical aspects of the research
Future goals of the research
References

RANEPA 2015

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Main aim
to analyze the the exchange rate pass-through of the ruble

in the prices of goods and services on the territory of the Russia

Relevance of the issue

is determined by a high degree of openness of Russian economy and its high dollarization-dependence on other economies

RANEPA 2015

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Main theoretical definitions
Exchange rate:
Price for which the currency of a country

can be exchanged for another country's currency
Exchange rate pass-through:
The percentage change (in local currency!) of import prices resulting from a one percent change in the exchange rate between the exporting and importing countries.

RANEPA 2015

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The main factors which have influence on exchange rate pass through
RANEPA

2015

The macroeconomic situation in the country
Transaction costs
Interchangeability of imported goods
Demand shocks
The degree of segmentation of the market between two countries
Currency pricing

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Practical example
Suppose that the US is importing widgets from England
Exchange rate
Widgets

cost

$1 for ₤1

$10

$1.5 for ₤1

$12.5

Change

50%

25%

RANEPA 2015

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A simple model of the dependence of the exchange rate and

inflation

RANEPA 2015

The connection
between the nominal exchange rate and price levels is determined by:

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Future goals of my research
To analyze different mechanisms of ERPT (direct

and indirect mechanisms)
To determine the dependence of ERPT on the regime of monetary policy, including exchange rate regime (fixed or floating)
To examine the dynamics of the ruble exchange rate and domestic prices in recent years, using panel data
To give basic conclusions and recommendations for the monetary policy in Russia

RANEPA 2015

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What I am going to use for this purpose?
RANEPA 2015
Michael

B. Devereux and James Yetman(2007) Price-Setting and Exchange Rate Pass-Through
Reginaldo P.Nogueira - «Does the exchange rate pass- through respond for measures of macroeconomic instability?»(May 2011)
Handbook G Kaunonen and Juntilla 2010
To analyse data of ERPT in different countries

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References
Пономарев Ю.; Трунин П.; Улюкаев А. Эффект переноса динамики обменного курса

на цены в России.(2001)
Goldberg, P.K.; Knetter, M.M. (1997). "Goods prices and exchange rates: What have we learned?”
Campa, J.M.; Goldberg, L.S. (2005). "Exchange Rate Pass-Through into Import Prices". Review of Economics and Statistics.

RANEPA 2015