This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a complementarity between the price of food in international...

This paper deepens the study of non-performing loans (NPLs), conceived by the author as an expression of non-quality of part of bank lending / loans, which is considered in turn, as being reflected directly by the proportions held by these loans in the total volume of loans (granted by banks)....

The goal of the article lies in forecasting tendencies of the current demand of the local labour market on the basis of the method of statistical equations of dependencies and correlation and regression analysis for prolongation of relevant processes at the meso-level. The article considers a...

This paper investigates financial frictions in US postwar data to understand the interaction between the real business cycle and the credit market. A Bayesian estimation technique is used to estimate a large Vector Autoregression and New Keynesian models demonstrating how financial shocks can...

The partial privatization of the Russian energy industry with retained state regulation has made it impossible to produce targeted market models. In the paper the paths of the 2001 and 2008 reforms in the electricity and gas industries and in the associated petroleum gas market are discussed....

Получены эконометрические модели трудовых доходов в регионах за 20092012 г.г. Выявлено влияние фондовооруженности, человеческого капитала и новых технологий....

This study proposes a modeling approach to disentangle the discount due to flooding in residential properties that are located in coastal areas. The study makes three contributions. The first is to incorporate a continuous measure of flood risk in a study of coastal areas, as earlier studies...

Most studies on online marketplaces focus on seller uncertainty and rely on data from online marketplaces in the U.S. This paper extends this literature by focusing on product uncertainty and defining its two dimensions - description uncertainty (identifying the product‘s characteristics) and...