Modeling of Russian Households` Organized Savings

Student: Kadreva Ol`ga

Educational Programme: Master

Year of Graduation: 2014

<p>A new approach has been introduced to modelling of households` savings at macro level. Not only income influences households` savings (as it is traditionally modelled in macroeconomics)  but also other disposable resources, such as loans, may affect them. Both loans and interest payments are components of the balance of disposable resources and their usage. In the master`s thesis available statistical resources on financial behavior of households are analyzed, the balance of disposable resources and their usage is described by terms, which can be found in statistics, interactions between different activities are considered with distinction between exogenous  and endogenous series. In the practical part of the thesis two error correction models are developed: in univariate and multivariate version. Credit and interest payments  are among the regressors.</p>

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