Exchange Rate of the Ruble Modeling Macroeconomic Level

Abstract

As underlying determinants of the author’s model are used capital flows, import and export operations, elasticities of cross-country trade, terms of foreign trade, indexes of real GDP, indexes of domestic and export prices, solutions of microagents. The model was verified on data from the crisis period in Russia 2013-2015. The simulation results are applied to the analysis of contemporary monetary policy of Russia.