THEORETICAL BACKGROUND FOR THE MONETARY MACROECONOMIC MODEL COMPOSITION OF THE RUSSIAN ECONOMY
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THEORETICAL BACKGROUND FOR THE MONETARY MACROECONOMIC MODEL COMPOSITION OF THE RUSSIAN ECONOMY
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
V. Manevitch 
Lev Nikolaev Vyacheslav Ovsienko I Savel'ev
Pages
19-30
Abstract

Authors base upon the James Tobin’s model in the analysis of economic dynamic model factors. In Tobin’s model functions, included in demand-supply real capital and others assets equations are written down in the implicit form. In the paper authors, relying on the theoretical analysis and statistical data, tried to frame supply–demand assets functions in the explicit form. In so doing they make the step for composition the model, allowing to compute the versions of economic dynamics and to predict the alterations of the rates of the capital accumulation depending on exogenous factors, regulated by the monetary authorities.

Keywords
real capital, alternative assets, economic growth, capital return, demand for assets, asset supply, demand functions, demand-supply equations, rates of return vector, institutional sectors, exogenous variables, statistical ranges
Date of publication
01.01.2012
Number of purchasers
0
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119
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Additional sources and materials

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Manevich V.E., Nikolaev L.K., Ovsienko V.V. (2010): Modifikatsiya modeli Tobina i analiz monetarnykh faktorov dinamiki rossijskoj ehkonomiki // Ehkonomicheskaya nauka sovremennoj Rossii. № 2.

Manevich V.E., Nikolaev L.K., Ovsienko V.V. (2009): Modifikatsiya monetarnoj dinamicheskoj modeli Tobina i analiz rossijskoj ehkonomiki. Preprint # WP/2009/263. M.: TsEhMI.

Tobin Dzh. (2009): Denezhnaya politika i ehkonomicheskij rost. M.: URSS.

Khanin G.I., Fomin D.A. (2007): Potreblenie i nakoplenie osnovnogo kapitala v Rossii: al'ternativnaya otsenka // Problemy prognozirovaniya. № 1.

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Tobin J. (1971): Essays in Economics. Vol. 1. Macroeconomics. Amsterdam, London: North-Holland Publishing Company.

Tobin Dzh. (2010): Den'gi i finansy v makroehkonomicheskikh protsessakh. Nobelevskaya lektsiya // Nobelevskie lektsii na russkom yazyke. T. 52. M.: Izdatel'skij dom “Nobelevskie lektsii na russkom yazyke”.