Несмотря на ожидаемую нехватку пригодных для расширения сельскохозяйственного производства земель в мире, процессы забрасывания сельскохозяйственных земель...

We take a decision-theoretic view on the question of how to use instrumental variables and method of moments. Since prior beliefs play an inevitably strong role when instruments are possibly "weak", or when the number of instruments is large relative to the number of observations, it is...

We perform Bayesian analysis of the sequence of unknown means mi given observations Xi under the assumption that, for any k 0, the first k members X1, X2, …, Xk are normally distributed with the mean (m1,…, mk ) and a known covariance matrix. It is assumed that the parameters m1,…, mk,…...

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

Economist have noted for decades that Consumer Price Index (CPI) in the developed countries is overstating inflation by 0,5-2,0% per year. A significant part of such a bias is found to be caused by the presence of technology products and differentiated products in CPI. An increasing weight of...

От редакции: среди всего набора макроэкономических тем, текущие показатели инфляции — одна из самых популярных и часто обсуждаемых. Аргументы сторонников...

External shocks affect the balance of supply and demand, and, consequently, the established price of goods. There were varying price reactions around the world in the early stages of the COVID-19 pandemic. The sharp increase in demand and prices for many goods posed threats to food security. The...

The author shows that different approaches to income comparisons both on country and regional levels may lead to conflicting conclusions concerning the catching-up. It is argued that current PPPs (Instead of constant PPPs) give more reliable picture of per capita GDP convergence process on...

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...

A new theory of value is suggested. Its key moments and general logic are presented. The theory has all-purpose nature (is applicable to any commodities, any markets and any market situations). Value is considered as a multicomponent notion which characterizes commodity's internal behaviour...