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7). This -25 -75 2015 2016 2017 2018 2019 Fixed capital investment (Bank of Russia estimate) Fixed capital investment (quarterly)* 3 Refer to the information

from 2008 to 2015. The RUSLANA dataset contains information on firms’ sales, fixed assets, the number of employees, and the cost of goods sold. For

5-1.5 3.5-4.5 3.5-4.5 2.5-3.5 – gross fixed capital formation 2.9 0.0-1.0 3.5-4.5 3.5-4.

increased only slightly. The retail sales growth rate declined while growth in fixed capital investment remained slow. The Bank of Russia maintains its 2019 GDP

6 20,0 20,0 22,0 25,9 Bank loans in fixed capital investments of all types of businesses (excl. 3.1. 1 003,

6 5 Auction-based facilities 216 - - - - – repos and FX swap - - - - - – secured loans 216 - - - - Fixed interest rate facilities 1,042 10 13 6 5 – repos and FX

collects direct and indirect taxes with fixed ad-valorem tax rates, saves an amount equal to trade ), then saves a fixed portion of the tax surplus

2019) (12.2019) 3. Interest rates the next working day after being fixed 3.1. Bank of Russia Key rate by the Board of Directors

just leads to a decreased influence of the explosive forecasts for a fixed horizon. 7 TRUNCATED PRIORS FOR TEMPERED HIERARCHICAL DIRICHLET PROCESS VECTOR AUTOREGRESSION OCTOBER