Importance The article examines the impact of world prices on the macroeconomic equilibrium using the IS-LM-BP model and subsequent extrapolation on the Russian experience. Methods In this research, I practice theoretical scientific methods such as deduction, induction, reflection, abstraction and empirical approaches. Results The paper finds the main directions of influence of price dynamics on the equations of the curves in IS-LM-BP model. In this work, I analyze possible changes of equilibrium in the model due to changes in the price level. Conclusions and Relevance The increase in world prices of export-oriented economy leads to an increase in output, higher prices, interest rates. The decline in world prices gives rise to the reverse situation. In Russia, the situation is not fully represented due to predefined rigid commitment of monetary regulator to the course of inflation targeting. The goods and money markets are imbalanced in Russia. The conclusions of the work can be used in the development of the foundations of monetary and fiscal policies of Russia.
Keywords: macroeconomic, equilibrium, world price, IS-LM-BP model
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