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analyse the stabilising effect of the fiscal rule on macroeconomic variables. It was found that the fiscal rule leads to a decrease in output volatility,

5487 07.04.2025

Forecasting and models

s monetary policy transmission mechanism and macroeconomic policy (in particular, the fiscal rule). This group of models comprises the quarterly projection model (QPM) which is

5488 07.04.2025

How key rate decisions are made

Governor casts the deciding vote. However, this is more of a technical rule as the discussion is generally aimed at reaching a consensus. The Bank

5489 03.04.2025

Elvira Nabiullina’s speech at joint meeting of State Duma dedicated committees on Bank of Russia’s 2024 Annual Report

the fiscal rule, which means that the budget will have a disinflationary effect. The third factor is the current appreciation of the ruble that will

5490 02.04.2025

Results of monitoring of credit institutions’ maximum interest rates

of the monitoring of the maximum interest rates on deposits1 in Russian rubles of the top 10 credit institutions2 attracting the largest amount of household