Modelling the Short-term Dynamics of Rouble Exchange Rate
Based on the accounts of the balance of payments and intertemporal decisions of microagents of country we built short-term dynamic model of the exchange rate of the rouble against the U.S. dollar. The resulting formula is the dependence of the internal and external prices and aggregate output, as well as factors capital mobility, which plays a central role in the modeling. We discuss the relationship results from the fundamental equilibrium exchange rate in the framework of the author's conceptual approach to the assessment of the equilibrium exchange rate based on international flows (IFEER). Based on the modeling results we built the analysis of the dynamics of the nominal exchange rate in 2014 and the balance of payments of Russia.