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Commodity-exporting economies display procyclicality with the price of commodity exports. However, the evidence for the relative importance of commodity price shocks for aggregate fluctuations remains inconclusive. Using Russian data from 2001-2018 we estimate a small open economy New Keynesian...
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Contents: 1. Introduction By Charles A. E. Goodhart and Dimitrios P. Tsomocos -- 2. "Principles for Macroprudential Regulation", (A.K. Kashyap, D.P. Tsomocos and A.P. Vardoulakis), Banque de France Financial Stability Review, No.18, pp. 173-182, April -- 3. "The Macroprudential Toolkit", (R....
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