This paper investigates the possibility of conducting an unconventional monetary policy of Quantitative easing (QE) at high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the key interest rate on three occasions during the 7...

Key discussions regarding Russia's economic policy are now taking place between the two camps of economists. The foremost proponent of the ideas in the first camp is Alexey Kudrin, former Vice-Prime Minister, PhD in Economics. The second camp has crystalized itself around Sergey Glaziev, Advisor...

Money supply statistics based on the Year 2015 results show that «money starvation» is coming to an end in Russia. That has always been truly indicative of exit from the crisis. The depth of money supply decline in 2015 (it declined by 11%) proved to have been the smallest one in the whole...

Due to the fact that at the end of 2014 the Central Bank made the transition to a new monetary policy regime for Russia - the inflation targeting regime, the problem of forecasting inflation rates became more relevant than ever. In the new monetary policy regime, it is important for the Bank of...

The paper aims at reconstructing the regulator’s loss function both qualitatively and quantitatively. The main idea is to deduct from the observed behavior of the monetary policy instrument the underlying preferences that explain such behavior. In order to obtain quantitative results we use...

In 2003, President of Russia Vladimir Putin set the task of doubling the GDP. However, this task is yet to be accomplished. Why this goal has not been achieved yet? What needs to be done to double Russia’s GDP? To answer these questions is exactly what this paper sets out to do. We can see...

Russian Abstract: Оценка моделей с изменяющимися во времени параметрами нашла широкое распространение в макроэкономических исследованиях, реализуемых в течение...

Russian Abstract: Данная работа посвящена изучению двух важных элементов трансмиссионного механизма монетарной политики в России в 2010-2014 гг.: эффекту переноса...

Russian Abstract: Коллективная монография подготовлена по Программе комплексных фундаментальных научных исследований Отделения глобальных проблем и международных...

Russian Abstract: Расширение программ государственной поддержки экономики в США вызывает опасения относительно ускорения инфляции и роста стоимости активов не только...