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budget policy calculated by the Ministry of Finance: basis balance = basis oil and gas revenue + non-oil-and-gas revenue – total spending. Sources: Federal Treasury 12 Fiscal policy

conference is “Monetary Policy, (Macro-)Prudential Regulation and their Interactions”. This conference will bring together researchers from academia, central banks, and policy institutions, who will

Policy section on the Bank of Russia website, http://www. cbr.ru / DKP / about_monetary_policy / monetary_policy_ framework / . Monetary Policy Guidelines 4. Monetary policy

of Russia 11 Fiscal policy (1) Since the beginning of 2019, Federal budget revenue and spending, Federal budget balance, fiscal policy has had a 12-month

policy rule. The two policies are substitutes when the comple- mentarity between domestic and imported production inputs is sufficiently high. Keywords: Monetary policy, macroprudential policy,

Bank of Russia policy helps anchor inflation close to 4% 6 November 2019 News Share VKontakte WhatsApp Telegram Inflation will anchor close to 4% after

Schedule of the Bank of Russia Board of Directors’ monetary policy meetings in 2020 updated 29 October 2019 Press release Share VKontakte WhatsApp Telegram The

Monetary policy of the Bank of Russia.. .................................................... 52 4.1. Key rate decisions....................................................................................................................52 4.2. System of monetary policy instruments and other monetary policy

Russia the lean-against-the-wind monetary policy, a policy which responds to the growth in unsecured lending. Under this type of monetary policy, the key rate depends

disposable money income, % Sources: Rosstat, Bank of Russia 12 Fiscal policy (1) In 1H19 fiscal policy had Federal budget revenue and spending*, Federal budget balance,