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Decision Support and Forecasting Center CEMI RAS |
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Econometrics and Its Applications
Econometric models of regional consumer price indices
Sergei Aivazian, Boris Brodsky, Alexander Bereznyatskiy
Multivariate econometric models of Russian inflation are proposed in
this paper. Consumer price index is used to
quantify inflationary processes. Monetary and non-monetary variables are
examined in the models. The authors consider
foreign exchange rate of the ruble as monetary factor and
government regulation of prices for certain goods and services
and food market condition as non-monetary.
Special attention is paid to a regional aspect of the problem.
The question is whether estimates of
parameters of the models are stable and statistically significant at the
level of regional
Keywords: consumer price index, inflation, Russian regions, econometric models of price indices. JEL Classification: E31, E37, R15.
(3.23 MB Russian version)
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