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to financial resources. Also, the participants discussed a number of aspects of the Bank of Russia's monetary policy. Preview photo: Savvapanf Preview photo / shutterstock

intermediated contracts. Life insurance and health/accident insurance accounted for the most policy sales by credit institutions. Q2 payouts dropped 16% on the same period

6.2 million people, as was the number of mandatory pension insurance policy holders (37 million people). Pension savings dropped slightly to 2.6 trillion

to 4% in the first half of 2020. * Published in the Monetary Policy Report (No. 3 (23), September 2018). Sources: Rosstat, Bank of Russia calculations.

Q4. Bank of Russia estimates suggest a number of factors including tax policy will send inflation higher in 2019 H1. Moving forward, inflation will decline

History Bureaus’. Individuals will need their passport details, SNILS and personal insurance policy number to generate and submit a request for information. The Bank of

outlook, inflation forecast and policy approaches. Also, it factors in the new approaches to the fiscal policy and the state economic policy overall, which have

Gorodnichenko Y. (2012). Measuring the Output Responses to Fis- cal Policy // American Economic Journal: Economic Policy, Vol. 4. Pp. 1–27. 8. Batini N., Eyraud

in 2019 before dropping back to 4% in 2020. Bank of Russia policy helps reduce inflation risks and keep inflation close to the regulator’s

Learning Research 6. Bloom N., Baker S., Davis S. (2016). Measuring Economic Policy Uncertainty. The Quarterly Jour- nal of Economics 7. Doms M., Morin N.