Time-varying parameters error correction model for real ruble exchange rate and oil prices: What has changed due to capital control and sanctions?
This paper aims to analyze changes in the long-term and short-term oil price elasticities of the real ruble exchange rate, as well as the speed of convergence of the exchange rate to a long-term equilibrium. The analysis is conducted using an error correction model with time-varying parameters. The...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Voprosy Ekonomiki
2024-03-01
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| Series: | Russian Journal of Economics |
| Online Access: | https://rujec.org/article/111503/download/pdf/ |