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НА ЧТО ВЛИЯЕТ КЛЮЧЕВАЯ СТАВКА? ПОЗИЦИЯ БИЗНЕСА И ВЛАСТИ
Бизнес. Общество. Власть. 2025. Т. 3 (57). С. 144–155.
Андросов К. Г., Иванова Т. В., Скорина А. А.
This article attempts to comprehensively analyze the degree of influence of the key rate and monetary policy of the Bank of Russia on various spheres of economic life, present assessments of business, government and society, and suggest some steps that could help mitigate the effects of the regulator's policy.
Penikas H. I., Potashev N., В кн.: Сборник лучших докладов конференции "Ломоносовские чтения" (2025).: М.: Экономический факультет МГУ им. М.В. Ломоносова, 2026. С. 219–236.
В работе исследуется вопрос, приводят ли инфляционные ожидания (ИО), полученные из вопросов разной глубины и агрегированные с учетом уровня уверенности респондентов, к статистически отличающимся распределениям по сравнению с традиционной методологией инФОМ. На основе данных внутреннего опроса Банка России показано, что схемы агрегирования, учитывающие разделение респондентов на группы в зависимости от уровня их осознанности, формируют распределения ...
Added: May 12, 2026
Чудинова О. С., Первицкая Л. А., Ramenskaya A., Индустриальная экономика 2026 № 1 С. 65–78
This article is devoted to the development of an algorithm for analyzing news information using machine learning methods implemented in Python libraries. The choice of tools used at each stage of the algorithm is justified by calculating metrics for the quality of the solution to the corresponding machine learning problems. The algorithm’s results are presented ...
Added: April 20, 2026
Zvereva V., Вопросы экономики 2026 № 4 С. 100–129
This paper examines the hypothesis of asymmetric responses of bank interest rates to restrictive and accommodative monetary policy conducted by the Bank of Russia across different market segments, industries, and macroregions over the period 2017—2025. Using a Markov-switching error-correction model, the paper estimates the effects of monetary policy shocks, households’ inflation expectations, firms’ price expectations, ...
Added: April 8, 2026
Senin V., Хамидуллин Т. Р., Бизнес. Общество. Власть 2025 № 2 (56) С. 19–31
The past four years have been an extremely challenging period for our economy. Thus, the country faced a covid and the restrictions it caused, followed by the need to rebuild the real sector and services affected by the pandemic. Then a special military operation began and was followed by the imposition of sanctions, the withdrawal ...
Added: February 13, 2026
Болячин Ю. В., Воинова А. А., Кротова Ю. И. et al., / Банк России. Серия Доклады Банка России "Доклад об экономических исследованиях". 2025. № 156.
Implied inflation expectations are the expectation values derived from the question about particular goods’ prices or the values of a basket of goods. We use internal and external surveys to compare implied and direct (conventional) estimates when the single inflation range is chosen in the latter case. By checking against the known stylized facts about inflation expectations, we compare all the combinations of question about them. We find that implied perceived inflation and inflation expectations are higher than their direct peers. ...
Added: December 8, 2025
Vdovin I. A., Александров А. А., Косенко Е. А., Бизнес. Общество. Власть 2025 № № 3(57) С. 36–53
The article examines the transformation of the investment policy of the Russian Federation in the period from 1998 to 2024 in the context of changing macroeconomic conditions and the monetary policy of the Central Bank of the Russian Federation. Particular attention is paid to state support mechanisms, as well as their transformation in the context ...
Added: October 31, 2025
Afanasev K., The Journal of the New Economic Association 2025 No. 3(68) P. 43–51
This study examines moderating effect of income expectations on the influence of inflation expectations on consumption decisions in a laboratory setting. Using a multi-round life-cycle consumption-saving model, the research manipulates participants’ beliefs on the future prices and income. Contrary to the hypothesis that expected income growth would attenuate the effect of expected price increases on ...
Added: October 21, 2025
Подходы к определению режимов взаимодействия бюджетно-налоговой политики и денежно-кредитной политик
Аблаев Э. Ю., Проблемы прогнозирования 2025 № 3 С. 159–172
Статья посвящена проблеме взаимодействия бюджетно-налоговой и денежно-кредитной политики. В экономической литературе принято выделять пассивный и активный режимы фискальной и монетарной политики. В свою очередь, сочетание того или иного режима проводимых политик определяет формы их взаимодействия. При этом условием достижения ценовой стабильности является наличие координации – одна из политик находится в активном режиме, а другая в ...
Added: September 19, 2025
Финагин М. И., Иногамова В. Т., Грачева А. А., Вопросы экономики 2025 № 9 С. 62–87
This paper develops a system for assessing the tightness of monetary conditions in Russia using monetary-conditions indices. These indices make it possible to study the pass-through of the monetary policy impulse across key channels of the transmission mechanism and to identify shocks to monetary conditions. Short-term money market rates, which are most sensitive to changes ...
Added: September 9, 2025
Гуров И. Н., Елицур Д. А., Зуев В. Е. et al., Вопросы экономики 2025 № 6 С. 63–93
Исследование основано на уникальном для России замере Фонда «Общественное мнение» (инФОМ) в рамках опроса Банка России по инфляционным ожиданиям в мае 2024 г. Неопределенность инфляционных ожиданий составляет 10 п. п. и положительно связана с их значением и возрастом респондентов. Неопределенность выше у респондентов, которые считают время подходящим для покупок, ниже у мужчин и снижается с ...
Added: June 18, 2025
Galanova A., Федоренко А. В., Наука и практика. Научно-аналитический журнал РЭУ им. Г.В. Плеханова 2025 Т. 17 № 1 (57) С. 35–53
Central bank decisions to lower refinancing rates all over the world are usually the result of slowing inflation and improved economic welfare. However, this raises a question of how this affects the main "credit" participants in the financial system - banks and their stock prices. A decline in the market interest rate is a well-known ...
Added: May 28, 2025
Gospodarchuk G., Aistov A., Zotov A., Journal of Siberian Federal University. Humanities & Social Sciences. 2025 Vol. 18 No. 4 P. 814–825
The economic agents need to have a thorough understanding of the rules of decision making regarding the key rate in order to make effective financial decisions. The goal of the study was to identify the rules used by the Bank of Russia to make decisions regarding short-term key-rate adjustments. As a result, we propose a ...
Added: May 3, 2025
Krasyuk T., Π-ECONOMY (Российская Федерация) 2024 Т. 18 № 1 С. 178–198
The relevance of this research is substantiated by the fact that the integrated management approach will help to unite and focus the heterogeneous instrumental mechanism of regulatory influence on investment processes to achieve strategic goals, in particular, the development of the supply-side economy in Russia. Without a radical change in investment policy, an increase in ...
Added: April 6, 2025
Терещенко Д. С., Щербаков В. С., Вопросы экономики 2025 № 4 С. 112–135
The article focuses on studying the specifics of the influence of the age structure of the population on regional inflation in the territory of the Russian Federation. The main research issue is to identify the nature of the influence (proinflationary or disinflationary) of all population groups (younger than working age, working age, older than working ...
Added: April 3, 2025