In January 2016, retail trade turnover decline by 7.3% and fall of investments in fixed capital by 8.4% have significantly affected domestic market. Dynamic of consumer market was determined to simultaneous decrease of demand on food products by 6.3% and on non-food products by 7.2% in...

According to preliminary estimates of the Ministry of Economic Development, annual growth rate of GDP in 2015 has come to 96.3% in comparison with the previous year. The fall of the growth rates of the Russian economy is due to the drastic contraction of domestic demand. Investments in fixed...

In November 2015, the economic dynamics' downward trend gathered momentum. Annual industrial production index in November 2015 amounted to 96.5%, including manufacturing sector – to 94.7%. Fixed capital investment in November of the current year contracted by 4.9% against November 2014 amid...

The macroeconomic aspect of the investment model is determined by dynamics and structure of major indexes of the real sector and by monetary and financial markets as well as by characteristics of reproduction and usage of principal factors of production economy wide by types of economic...

We confirm the negative relationship between household debt and future GDP growth documented in Mian, Sufi, and Verner (2017) for a wider set of countries over the period 1950-2016. Three mutually reinforcing mechanisms help explain this relationship. First, debt overhang impairs household...

The well-documented rise in political polarization among the U.S. electorate over the past 20 years has been accompanied by a substantial increase in the effect of partisan bias on survey-based measures of economic expectations. Individuals have a more optimistic view on future economic...

In this paper, I investigate the characteristics of house price dynamics for a sample of 16 emerging economies from Asia and Central and Eastern Europe, over the period 1995-2011. Linking housing valuations to a set of conventional fundamental determinants – relative to both the supply and the...

In this paper I estimate the impact of changes in real and financial wealth – proxied by house and stock market prices – on private consumption for a panel of sixteen emerging economies in Asia and Central and Eastern Europe. Using recent econometric techniques for heterogeneous panels, i.e....

Falling investments in fixed assets in early 2014 were the result of the negative tendency which had formed in the construction investment complex in 2013. Investments in fixed assets in January-February this year were 95.0% while the volume of construction works was 96.2% of the corresponding...

In February 2014, industrial production increased by 2.1% on an annualized basis, including a 3.4% increase in manufacturing. However, the production of machines and equipment decreased by 11.4%, construction materials, by 2.0%, and construction works, by 2.4% in annual terms. Demand for...