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of rubles millions of rubles millions of rubles millions of rubles of units millions of rubles millions of rubles millions of rubles millions of rubles
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17.01.2024
The ruble depreciated by only 1% against the US dollar in December due to the massive sales of foreign currency by exporters. The ruble weakening
the key rate (Drechsler et al. (2017)); (iii) the use of Taylor rule residuals in place of the
key rate as a proxy for monetary