FORECASTING THE PARAMETERS OF SOCIO-ECONOMIC, FISCAL AND FINANCIAL DEVELOPMENT OF THE RUSSIAN FEDERATION AND MANAGEMENT OF KEY MACROECONOMIC RISKS IN THE MEDIUM TERM

ПРОГНОЗИРОВАНИЕ ПАРАМЕТРОВ СОЦИАЛЬНО-ЭКОНОМИЧЕСКОГО, БЮДЖЕТНО-ФИНАНСОВОГО РАЗВИТИЯ РОССИЙСКОЙ ФЕДЕРАЦИИ И УПРАВЛЕНИЕ КЛЮЧЕВЫМИ МАКРОЭКОНОМИЧЕСКИМИ РИСКАМИ В СРЕДНЕСРОЧНОЙ ПЕРСПЕКТИВЕ

Vedev, Aleksey (Ведев, Алексей) (), Tuzov, Konstantin (Тузов, Константин), Kovaleva, Marina (Ковалева, Марина) () and Eremkin, Vladimir (Еремкин, Владимир) ()
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Vedev, Aleksey (Ведев, Алексей): The Russian Presidential Academy of National Economy and Public Administration
Tuzov, Konstantin (Тузов, Константин): The Russian Presidential Academy of National Economy and Public Administration
Kovaleva, Marina (Ковалева, Марина): The Russian Presidential Academy of National Economy and Public Administration
Eremkin, Vladimir (Еремкин, Владимир): The Russian Presidential Academy of National Economy and Public Administration

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The topic of the study is relevant due to the fact that abrupt changes in the economy and in the financial system, particularly those caused by the coronavirus pandemic, have changed all existing development forecasts. At the same time, a whole range of new risks for the financial system appeared. In this regard, the development of a forecast for the development of the financial sector in various scenarios, taking into account risks and opportunities, seems to be the most important task for the Russian economy. The purpose of the study is to develop a medium-term forecast for the development of the financial sector in the Russian Federation. The subject of this research is the dynamics of the development of the financial system of the Russian Federation in the medium term. The research method or methodology is based on the study of key current and retrospective data on the state of the financial sector of the Russian Federation, highlighting the most important risks for the financial sector and building a medium-term forecast. As a result of the work carried out, the key components of the budgetary sphere, financial and credit markets have been analyzed, and the impact of the deterioration in the external environment has been assessed. Thus, the work presents the assessments of the prerequisites for the forecast and developed three possible scenarios for the development of the financial sector in Russia. The scientific novelty of the research lies in producing unique forecasts for the development of the financial sector in Russia. The recommendations obtained as a result of the study indicate the need to develop mechanisms for responding to certain risks for the financial system, taking into account the possible consequences of such an impact presented in the forecast. The project was carried out as part of research work by the Laboratory for Structural Research of the IAER at the Russian Presidential Academy of National Economy and Public Administration in 2021.

Keywords: Russian economy; financial market; debt and equity financing; shares; bonds; medium-term planning; financial and budgetary system; recovery growth (search for similar items in EconPapers)
Pages: 52 pages
Date: 2021-11-19
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