J. Tobin's Monetary Dynamic Model and the Analysis of Russian Economy

2009 ◽  
pp. 70-93
Author(s):  
V. Manevich
Keyword(s):  
Dynamic Model ◽  
Economic Thought ◽  
Financial Policies ◽  
Russian Economy ◽  
Q Theory ◽  
Keynesian Economic ◽  
The Relationship ◽  
Monetary Assets

The paper considers the monetary dynamic model developed by J. Tobin, the leader of Keynesian economic thought in 1970-1990. Particularly, the author examines q-theory of investment proposed by Tobin which allows to expose the relationship between supply of monetary assets and investment in real capital. Application of various tools of monetary and financial policies is also considered in its different forms. The author aspires to use Tobin's model for the analysis of processes existing in the Russian economy and to test theoretical propositions and relationships elaborated by Tobin on Russian statistics.

scholarly journals Inflation control and adequacy of targeting to economic growth policy

Upravlenets ◽  
2020 ◽  
Vol 11 (1) ◽  
pp. 33-44
Author(s):  
Oleg Sukharev
Keyword(s):  
Economic Growth ◽  
Inflation Targeting ◽  
Opposite Effect ◽  
Supply And Demand ◽  
Dynamic Change ◽  
Russian Economy ◽  
Monetary Authorities ◽  
The Subject ◽  
Keynesian Economic ◽  
The Relationship

The paper studies the relationship between inflation and economic growth. The subject of the research is the correlation between price dynamics and economic growth in the context of two main approaches – Fischerian and Schumpeterian – that describe such a relationship. The methodological and theoretical basis embraces the advances in the field of inflation of the neoclassical and Keynesian economic schools. The research method is the construction of an econometric model that allows identifying the effect of such a policy as inflation targeting. The study proves that in the Russian economy, there is no obvious relationship established between inflation and the product created, that is Fischer’s growth model, where inflation has to be suppressed to stimulate growth, is not justified. The developed analytical model of the relationship between inflation and the growth rate achieved when introducing a tough regulation – the targeting rule followed by monetary authorities – confirms that the targeting policy is indifferent to the ratio of aggregate supply and demand. Pursuing this policy can push up costs and heighten inflationary pressure. This method to control inflation is rather ineffective as the actions aimed at lowering inflation will produce the opposite effect fueling it. We conclude that, if targeting is used as a sort of anti-inflationary policy, the target should be altered to the situation and at least be put within certain limits to enable the economy to adapt to the dynamic change in the rest of its parameters.

The Problem of Identifying and Modeling the Relationship between Monetary Factor and Inflation in the Russian Economy

2008 ◽  
pp. 61-76
Author(s):  
A. Porshakov ◽  
A. Ponomarenko
Keyword(s):  
Money Supply ◽  
Money Demand ◽  
Russian Economy ◽  
Long Run ◽  
Complex Approach ◽  
Wide Range ◽  
Long Time ◽  
The Relationship ◽  
Supply Side Factors

The role of monetary factor in generating inflationary processes in Russia has stimulated various debates in social and scientific circles for a relatively long time. The authors show that identification of the specificity of relationship between money and inflation requires a complex approach based on statistical modeling and involving a wide range of indicators relevant for the price changes in the economy. As a result a model of inflation for Russia implying the decomposition of inflation dynamics into demand-side and supply-side factors is suggested. The main conclusion drawn is that during the recent years the volume of inflationary pressures in the Russian economy has been determined by the deviation of money supply from money demand, rather than by money supply alone. At the same time, monetary factor has a long-run spread over time impact on inflation.

From Freezing to Investing: New Approaches to Monetary and Currency Policies

2008 ◽  
pp. 47-55
Author(s):  
A. Nekipelov ◽  
Yu. Goland
Keyword(s):  
Economic Policy ◽  
Property Rights ◽  
Main Idea ◽  
State Intervention ◽  
Economic Thought ◽  
Human Potential ◽  
Knowledge Based ◽  
Russian Economy ◽  
Knowledge Based Economy

The appeals to minimize state intervention in the Russian economy are counterproductive. However the excessive involvement of the state is fraught with the threat of building nomenclature capitalism. That is the main idea of the series of articles by prominent representatives of Russian economic thought who formulate their position on key elements of the long-term strategy of Russia’s development. The articles deal with such important issues as Russia’s economic policy, transition to knowledge-based economy, basic directions of monetary and structural policies, strengthening of property rights, development of human potential, foreign economic priorities of our state.

scholarly journals ESG Disclosures and Stock Price Crash Risk

2021 ◽  
Vol 14 (2) ◽  
pp. 70 ◽  
Author(s):  
Rio Murata ◽  
Shigeyuki Hamori
Keyword(s):  
Dynamic Model ◽  
Stock Price ◽  
The United States ◽  
Crash Risk ◽  
Firm Level ◽  
Market Participants ◽  
Major Market ◽  
Market Index ◽  
Index Components ◽  
The Relationship

In this study, we investigate the relationship between environmental, social, and governance (ESG) disclosures and stock price crash risk. A stock price crash is a dreadful event for market participants. Thus, exploring stock price crash determinants is helpful for investment decisions and risk management. In this study, we use samples of major market index components in Europe, the United States, and Japan to perform regression analyses, after controlling for other potential stock price crash determinants. We estimate static two-way fixed-effect models and dynamic GMM models. We find that coefficients of firm-level ESG disclosures are not statistically significant in the static model. ESG disclosure coefficients in the dynamic model are not statistically significant in the U.S. market sample. On the other hand, coefficients of ESG disclosure scores in the dynamic model are statistically significant and negative in the European and Japanese marker sample. Our findings suggest that ESG disclosures lower future stock price crash risk; however, the effect and predictive power of ESG disclosures differ among regions.

Study on the Dynamics on the Brake of Vehicle after the Effects of Deicing Salt

2010 ◽  
Vol 26-28 ◽  
pp. 862-869
Author(s):  
Tao Peng ◽  
Zhi Peng Li ◽  
Chang Shu Zhan ◽  
Xiang Luo ◽  
Qian Wang
Keyword(s):  
Simulation Model ◽  
Dynamic Model ◽  
The Other ◽  
Snow Melting ◽  
Adhesion Coefficient ◽  
Deicing Salt ◽  
Other Hand ◽  
Road Condition ◽  
Braking Distance ◽  
The Relationship

Through analyzing the process of brake, a dynamic model of automobile and a model of the relationship between braking distance and adhesion coefficient were formed; also a simulation calculating model of braking distance was established with the use of Matlab. Finally, a research was done toward the braking distance of a type of a car running on a road after using snow-melting agent. On one hand, with the application of the simulation model which has been established, calculations have been done to the braking distance of Bora vehicles running on roads after using deicing salt; on the other hand, by experiments, Bora vehicles’ braking distance and maximum braking deceleration under the same road condition were measured, meanwhile, the established simulation model was verified.

scholarly journals Recapitulation of the relationship between economic thoughts and realities

2019 ◽  
Vol 2 (1) ◽  
pp. 123-135
Author(s):  
Hua Liang
Keyword(s):  
Economic History ◽  
Design Methodology ◽  
Economic Thought ◽  
Content Type ◽  
Economic Problems ◽  
Root Cause ◽  
New Ideas ◽  
Economic Thinking ◽  
The Relationship

Purpose It is rather common for China’s current academic circles to use western doctrines that originated in situ to explain China’s economic problems, a suspicion of scenario misplacement may thus arise. The root cause lies in the lack of reflection about the current relationship between economic thoughts and realities. The paper aims to discuss these issues. Design/methodology/approach Correctly understanding economic thoughts associated with the brand of “that era” and effectively deducing its characteristics is of great significance to finding new features of this era and constructing new ideas with the characteristics of “this era.” Findings This motif is exactly the keynote on which to base the study of economic history and economic thought. Originality/value In a period of major historical turning points, the economic realities on which the economic thinking about that era (the era of economists) relied was undergoing major changes, and re-emphasizing the ancient topic of the relationship between economic thoughts and economic realities became particularly urgent.

scholarly journals German–Russian gas relations in face of the energy transition

2020 ◽  
Vol 6 (4) ◽  
pp. 406-423
Author(s):  
Kirsten Westphal
Keyword(s):  
Climate Change ◽  
Value Chain ◽  
Energy Transition ◽  
Legal Framework ◽  
Paradigm Shifts ◽  
Address Climate Change ◽  
Eu Member States ◽  
Russian Economy ◽  
The Impact ◽  
The Relationship

Russia is the world’s largest gas exporter and Germany is its most important market. Moreover, natural gas is a centerpiece of the Russian economy and the backbone of its energy supply to the Russian population. In terms of its external gas relations, Germany has always kept a special and strategic position, both in terms of volumes, but also in substance. This contribution explores the impact of the energy transition on the bilateral gas relationship. It argues that the bilateral gas relationship has been subjected to various paradigm shifts in the past, but, until recently, the relationship has been seen as in line with the strategic energy triangle of climate change/sustainability, supply security and economic competitiveness. This perception has come into question over two issues: climate change and supply security. Moreover, Germany’s authority over the conduct and the legal framework of bilateral gas relations has been increasingly contested, by Brussels, but also horizontally by other EU member states. At this stage, it is very uncertain whether both sides will manage to maintain and redefine their close energy partnership to address climate change. Decarbonizing the gas value chain would be a centerpiece. This would require a political shift away from securitization to decarbonization, not only in Germany, but even more so in the EU, and in particular, in Russia.

scholarly journals Inflation and Unemployment Trade-off: Is Phillips Curve True for African Developing Countries? Evidence from Sudan

2021 ◽  
Vol 4 (3) ◽  
Author(s):  
Omer Allagabo Omer Mustafa
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Phillips Curve ◽  
Economic Thought ◽  
Trade Off ◽  
Long Run ◽  
Short Run ◽  
Wage Inflation ◽  
The Relationship

The relationship between wage inflation and unemployment (Phillips Curve) is controversial in economic thought, and the controversy is centered around whether there is always a trade-off or not. If this relationship is negative it is called The short-run Fillips Curve. However, in the long run, this relationship may probable not exist. The matter of how inflation and unemployment influence economic growth, is debatably among macroeconomic policymakers. This study examines the behavior of the Phillips Curve in Sudan and its effect on economic growth.

scholarly journals Charge accumulation in thunderstorm clouds: fractal dynamic model

2019 ◽  
Vol 127 ◽  
pp. 01001 ◽  
Author(s):  
Tembulat Kumykov
Keyword(s):  
Fractal Dimension ◽  
Comparative Study ◽  
Dynamic Model ◽  
Model Equation ◽  
Fractal Structure ◽  
Analytic Solution ◽  
Numerical Calculations ◽  
Charge Accumulation ◽  
Dynamic Charge ◽  
The Relationship

The paper considers a fractal dynamic charge accumulation model in thunderstorm clouds in view of the fractal dimension. Analytic solution to the model equation has been found. Using numerical calculations we have shown the relationship between the charge accumulation and the medium with the fractal structure. A comparative study of thunderstorm electrification mechanisms have been performed.

scholarly journals A Study on the Relationship between the Design of Aerotrain and Its Stability Based on a Three-Dimensional Dynamic Model

Robotics ◽  
2020 ◽  
Vol 9 (4) ◽  
pp. 96
Author(s):  
Quang Huan Luong ◽  
Jeremy Jong ◽  
Yusuke Sugahara ◽  
Daisuke Matsuura ◽  
Yukio Takeda
Keyword(s):  
Dynamic Model ◽  
High Speed ◽  
Three Dimensional ◽  
Vehicle Body ◽  
Directional Stability ◽  
Rigid Body Model ◽  
Body Design ◽  
The Stability ◽  
New Generation ◽  
The Relationship

A new generation electric high-speed train called Aerotrain has levitation wings and levitates under Wing-in-Ground (WIG) effect along a U-shaped guideway. The previous study found that lacking knowledge of the design makes the prototype unable to regain stability when losing control. In this paper, the nonlinear three-dimensional dynamic model of the Aerotrain based on the rigid body model has been developed to investigate the relationship between the vehicle body design and its stability. Based on the dynamic model, this paper considered an Aerotrain with a horizontal tail and a vertical tail. To evaluate the stability, the location and area of these tails were parameterized. The effects of these parameters on the longitudinal and directional stability have been investigated to show that: the horizontal tail gives its best performance if the tail area is a function of the tail location; the larger vertical tail area and (or) the farther vertical tail location will give better directional stability. As for the lateral stability, a dihedral front levitation wing design was investigated. This design did not show its effectiveness, therefore a control system is needed. The obtained results are useful for the optimization studies on Aerotrain design as well as developing experimental prototypes.

Sign in / Sign up

Export Citation Format

Share Document