Ocultar
Exibir todos
Enviar artigo via e-mail 
MODELING THE MACROECONOMIC TRANSMISSION ENVIRONMENT: PUBLIC SECTOR IMPACT USING THE MONEY AND FINANCIAL MARKET MODEL
Resumo
Goal: The systemic macroeconomic environment is represented by economic and mathematical models that describe basic conditions for transmissions. Transmission mechanisms are formed not only by monetary policy instruments but also by other macroeconomic tools and factors that launch self-organizing processes, in particular, cyclicality and economic growth. Methods: To define such transmissions, the authors used the main macroeconomic models and functions that describe the institutional sectors of the economy; consumption and investment functions; arguments and functions underlying the balance of payments; and identity of national accounts. Results: An example of non-monetary transmissions is the influence of the public sector using the model of monetary and financial markets. The proposed methodological approach can be an economic and mathematical basis for developing software systems focused on forecasting economic dynamics, predicting monetary and financial crises, and managing the development of the national economy.
Palavras-chave
Texto completo:
PDF (English)Referências
Aleem, A. (2010). Transmission mechanism of monetary policy in India. Journal of Asian Economics, 21, 186-197.
Altunbas, Y., Gambacorta, L., & Marques-Ibañez, D. (2010). Does monetary policy affect bank risk? International Journal of Central Banking, 10(1), 95-136.
Angeloni, I., Kashyap, A.K., Mojon, B., & Terlizzese, D. (2002). Monetary transmission in the Euro area: Where do we stand? European Central Bank Working Paper No. 114. Retrieved from https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp114.pdf
Barilenko, V.I., Subbotin, A.S., Bykova, M.A., & Reznik, E.A. (2022). Influence of factors on cross-border capital flows from and to emerging countries: Case study of Russia. Relações Internacionais do Mundo Atual, 3(36), 262-279.
Bean, C., Larsen, J.D.J., & Nikolov, K. (2002). Financial frictions and the monetary transmission mechanism: Theory, evidence and policy implications. European Central Bank Working Paper No. 113. Retrieved from https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp113.pdf
Bernanke, B.S., & Gertler, M. (1995). Inside the black box: The credit channel of monetary policy transmission. Journal of Economic Perspectives, 9(4), 27-48.
Boivin, J., & Giannoni, M.P. (2002). Assessing changes in the monetary transmission mechanism: A VAR approach. Economic Policy Review, 8(1), 97-111.
Boivin, J., Giannoni, M.P., & Mojon, B. (2008). How has the Euro changed the monetary transmission mechanism? NBER Macroeconomics Annual, 23, 77-126.
Borio, C., & Zhu, H. (2012). Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism. Journal of Financial Stability, 8, 236-251.
Boykova, A.V. (2022). Products critical for consumer choice formation in e-commerce in conditions of global economy. Relações Internacionais do Mundo Atual, 4(37), 669-680.
Dedola, L., & Lippi, F. (2005). The monetary transmission mechanism: Evidence from the industries of five OECD countries. European Economic Review, 49(6), 1543-1569.
Degtev, G., Shelygov, A., Lizina, O., Shichkin, I., & Kochetkov, E. (2022). Impact of globalization factors on inflation risks during covid-19 pandemic. Relações Internacionais do Mundo Atual, 4(37), 775-795.
Dokholyan, S., Ermolaeva, E.O., Verkhovod, A.S., Dupliy, E.V., Gorokhova, A.E., Ivanov, V.A., & Sekerin, V.D. (2022). Influence of management automation on managerial decision-making in the agro-industrial complex. International Journal of Advanced Computer Science and Applications, 13(6), 597-603. http://dx.doi.org/10.14569/IJACSA.2022.0130672
Drobyshevskii, S.M., Trunin, P.V., & Kamenskikh, M.V. (2008). Analiz transmissionnykh mekhanizmov denezhno-kreditnoi politiki v rossiiskoi ekonomike [The analysis of transmission mechanisms of monetary and credit policy in the Russian economy]. Moscow: IEPP, 87 p.
Dudin, M.N., Shakhov, O.F., Vysotskaya, N.V., & Stepanova, D.I. (2020). Public and private partnership: Innovation-driven growth of agriculture at the regional level. Journal of Environmental Management and Tourism, 10(7), 1435-1444.
Elbourne, A. (2008). The UK housing market and the monetary policy transmission mechanism: An SVAR approach. Journal of Housing Economics, 17(1), 65-87.
Elbourne, A., & de Haan, J. (2006). Financial structure and monetary policy transmission in transition countries. Journal of Comparative Economics, 34(1), 1-23. http://dx.doi.org/10.1016/j.jce.2005.11.004
Ermakova, A., & Finogenova, Y. (2023). Industry-Specific Approach to ESG Ratings: Analyzing the Impact on Russian Companies. ESG Law Review, 6(1), e01577. Retrieved from https://esglawreview.org/convergencias/article/view/1577
Frolova, Е.Е., Zankovsky, S.S.,Dudin, M.N., Zinkovsky, S.B., & Kirsanov, A.N.. (2018). Studying concepts of the breakthrough economic reforms in selected developed and developing countries and regions of the world: Economic and legal aspects. Journal of Advanced Research in Law and Economics, 9(4), 1236-1242.
Gelain, P., Lansing, K.J., & Mendicino, C. (2013). House prices, credit growth, and excess volatility: Implications for monetary and macroprudential policy. International Journal of Central Banking, 9(2), 219-276.
Guerra, P. C., Nöth, W., & Knoerr, V. C. de S. (2023). Empowering the Battle Against COVID-19: Exploring the Impact of Artificial Intelligence Solutions. ESG Law Review, 6(1), e01576. Retrieved from https://esglawreview.org/convergencias/article/view/1576
Havraneka, T., & Rusnak, M. (2013). Transmission lags of monetary policy: A meta-analysis. International Journal of Central Banking, 9(4), 39-75.
Ivanchenko, I.S. (2006). Issledovanie rossiiskogo transmissionnogo mekhanizma denezhno-kreditnoi politiki [The study of the Russian transmission mechanism of monetary and credit policy]. Finansy i kredit, 14(218), 2-11.
Karmanov, M.V., Korotkov, A.V., Gryzunova, N.V., Kiselyova I.A., & Kuznetsov, V.I. (2017). Price indices simulation for the purpose of managing the quality of consumer behavior. Quality - Access to Success, 18(161), 64-68.
Keynes, J.M. (2021). Obshchaya teoriya zanyatosti, protsenta i deneg [The general theory of employment, and money]. Moscow: AST, 448 p.
Kishan, R., & Opiela, T. (2006). Bank capital and loan asymmetry in the transmission of monetary policy. Journal of Banking and Finance, 30, 259-285.
Krusec, D. (2010). The "Price puzzle" in the monetary transmission VARs with long-run restrictions. Economics Letters, 106(3), 147-150.
Kuttner, K.N., & Mosser, P.C. (2002). The monetary transmission mechanism: Some answer and further questions. Economic Policy Review, 8, 15-26.
Leonteva, E. (2013). Mekhanizm kreditno-denezhnoi transmissii v Rossii [The mechanism of credit and monetary transmission in Russia]. Moscow: RANKhiGS, 96 p.
Moiseev, S.R. (2002). Transmissionnyi mekhanizm denezhno-kreditnoi politiki [The transmission mechanism of monetary and credit policy]. Finansy i kredit, 18(108), 38-51.
Ribeiro , R. P., Espuny , A. L. G., & Hermes , A. B. M. (2023). Proposal For a Method For Feasibility Analysis And Implementation Of SDG In Brazilian Municipalities. ESG Law Review, 6(1), e01573. https://doi.org/10.37497/esg.v6i1.1573
Romer, C.D., & Romer, D.H. (2004). A new measure of monetary shocks: Derivation and implications. American Economic Review, 94(4), 1055-1084.
Savina, S.V., Tsvetkova, O.N., Galimova, L.I., Avezov, A.H., & Nazarov, A.A. (2020). Application of telecommunications technologies in the management of territories. Journal of Environmental Management and Tourism, 11(5), 1143-1151. http://dx.doi.org/10.14505//jemt.v11.5(45).12
Shubtsova, L.V., Kostromina, E.A., Chelyapina, O.I., Grigorieva, N.A., & Trifonov, P.V. (2020). Supporting the tourism industry in the context of the coronavirus pandemic and economic crisis: Social tourism and public-private partnership. Journal of Environmental Management and Tourism, 11(6), 1427-1434. http://dx.doi.org/10.14505/jemt.v11.6(46).13
Tsenina, E.V., Danko, T.P., Kiselev, V.M., Chaykovskaya, L.A., Epstein, N.D., Rauskiene, O., & Sekerin, V.D. (2022). Cluster analysis of the expenditures for environmental and technological innovations in sustainable development policy formation. Journal of Environmental Management and Tourism, 13(1), 63-74.
Veselovsky, M.Ya., Izmailova, M.A., Yunusov, L.A., & Yunusov, I.A. (2019). Quality of digital transformation management on the way of formation of innovative economy of Russia. Quality - Access to Success, 20(169), 66-71.
DOI: http://dx.doi.org/10.21902/Revrima.v6i39.6270
Apontamentos
- Não há apontamentos.
Revista Relações Internacionais do Mundo Atual e-ISSN: 2316-2880
Rua Chile, 1678, Rebouças, Curitiba/PR (Brasil). CEP 80.220-181
