This paper estimates the presence of a phenomenon called the Deaton Paradox in Europe. Using the panel data for 24 European countries running from 2000 to 2021 we aim to estimate whether the anomaly of consumption smoothing is present in Europe. In order to do so, we use the generalised method...

Taking into consideration the specifics of the Russian economy such as dependency on oil and gas drilling & production, and including the current context of the Western sanctions, COVID-19 pandemic, as well as somewhat idiosyncratic potential output development, the main aim of this paper is to...