We estimate money demand models for certain monetary aggregates across different institutional sectors (a novelty for the Russian case). Our results comprise a collection of money demand equations that include different combinations of explanatory variables. Comparing the validity of these...

In the spirit of Borio et al. (2014) we present a model that incorporates information contained in diverse variables when estimating sustainable output growth. For this purpose, we specify a state-space model representing a multivariate HP-filter that links cyclical fluctuation of GDP with...

We present a model that incorporates the information contained in diverse variables when estimating sustainable output growth. For this purpose, we specify a state-space model representing a multivariate HP filter that links cyclical fluctuation in GDP with several indicators of macroeconomic...