Russia's central bank adopted a new monetary policy regime in 2018 by raising the key interest rate for the first time since December 2014. After slashing the key interest rate on February 9th and on March 23rd by 0.25 percentage points to 7.5 and 7.25 percent per annum, respectively, the...

In 2019, the significant inflation slowdown translated into a notable monetary policy easing. Over the course of the year, the Bank of Russia reduced its key rate 5 times (from 7.75 to 6.25% per annum), as a result of which, according to the Bank of Russia, it now stands near neutral level. Our...

In 2019, Russia's trade surplus shrank significantly as result of a declining value volume of exports which, in its turn, was pushed down by sliding prices of oil and increasing imports. Meanwhile, net capital outflow that had been observed in 2018 gave way to net capital inflow, to the value of...

Russian Abstract: Данная работа посвящена изучению факторов и механизмов долговременной стагнации в современных экономиках, выявлению степени их влияния на динамику...

Russia's positive balance of trade increased in 2017, ensuring a steady BoP position. The private sector saw capital outflow in 2017, mostly because Russian banks had trimmed foreign-exchange liabilities. The rouble appreciated on the back of stable balance of payments

Russian Abstract: Работа посвящена оценке степени жесткости цен в российской экономике. Сначала в работе проведен обзор теоретических моделей жесткого...

In 2019, a sharp and largely unexpected slowdown in inflation led to a significant easing of monetary policy. Over the course of that year, the Bank of Russia reduced its key rate five times: four times by 0.25 percentage points on June 14, July 26, September 6, and December 13; and by 0.5...

In March – the first decade of May 2020, amidst the acute phase of the epidemiological crisis the banking sector's need in liquid funds increased considerably. It was justified by growth in the money supply volume, credit institutions' correspondent account balances, as well as commercial...

The first quarter of 2020 saw the positive Russia's balance of trade to plunge on the back of contraction of exports value amid plummeting crude oil prices with stabilized imports volumes. Due to the decline in foreign liabilities and growth of assets in foreign banks and enterprises, net...

Russian Abstract: Данная работа посвящена изучению факторов и механизмов поддержания конкурентоспособности национальных экономики в условиях укрепления валютного...