• A
  • A
  • A
  • АБВ
  • АБВ
  • АБВ
  • A
  • A
  • A
  • A
  • A
Обычная версия сайта
  • RU
  • EN
  • HSE University
  • Publications
  • Articles
  • Роль финансового стресса в восприятии денежно-кредитной политики: адаптация шкалы на российской выборке
  • RU
  • EN
Расширенный поиск
Высшая школа экономики
Национальный исследовательский университет
Priority areas
  • business informatics
  • economics
  • engineering science
  • humanitarian
  • IT and mathematics
  • law
  • management
  • mathematics
  • sociology
  • state and public administration
by year
  • 2027
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
  • 1999
  • 1998
  • 1997
  • 1996
  • 1995
  • 1994
  • 1993
  • 1992
  • 1991
  • 1990
  • 1989
  • 1988
  • 1987
  • 1986
  • 1985
  • 1984
  • 1983
  • 1982
  • 1981
  • 1980
  • 1979
  • 1978
  • 1977
  • 1976
  • 1975
  • 1974
  • 1973
  • 1972
  • 1971
  • 1970
  • 1969
  • 1968
  • 1967
  • 1966
  • 1965
  • 1964
  • 1963
  • 1958
  • More
Subject
News
October 8, 2026
HSE Experts Take Part in 23rd Annual Meeting of Valdai Discussion Club
The 23rd Annual Meeting of the Valdai Discussion Club was held from September 28 to October 1, 2026 under the theme ‘Responsibility for the Future: Limits of the Possible, or Limitless Possibilities?’ The forum brought together 120 experts from 40 countries, including representatives of China, the United States, India, Brazil, the United Kingdom, Germany, Egypt, Iran, and Japan.
October 7, 2026
‘Our Team Consists of True Leaders in Their Respective Academic Disciplines
The HSE International Centre of Decision Choice and Analysis studies a wide range of methods for analysing decision-making and possible scenarios for the development of natural, socio-economic, and political phenomena using various mathematical models. The application of advanced mathematical methods to forecasting helps to prevent negative outcomes and avoid erroneous decisions. The HSE News Service spoke to the centre’s director, Prof. Fuad Aleskerov, about its work.
October 6, 2026
International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod Brings Together Scientists from Russia and Serbia
The International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod’ was held at the Nizhny Novgorod House of Scientists from September 23 to 26. The event was organised by HSE University–Nizhny Novgorod and the Nizhny Novgorod House of Scientists, with the participation of Sberbank and the Institute of Physics Belgrade. The symposium was held for the second time: the first conference took place in 2025 and attracted considerable interest from the academic community.

 

Have you spotted a typo?
Highlight it, click Ctrl+Enter and send us a message. Thank you for your help!

Publications
  • Books
  • Articles
  • Chapters of books
  • Working papers
  • Report a publication
  • Research at HSE

?

Роль финансового стресса в восприятии денежно-кредитной политики: адаптация шкалы на российской выборке

Общество и экономика. 2026. № 9-10. С. 88–117.
Maksimenko A., Лазарев М. А.

Relevance. In conditions of economic uncertainty, the importance of psychological
factors influencing the perception of monetary policy is increasing. One such factor is financial
stress. Aim. The aim of the study was to adapt the APR Financial Stress Scale for a
Russianspeaking sample and to analyse differences in attitudes towards monetary policy among
respondents with different levels of financial stress. Sample and methods. The sample included
555 respondents aged 18 to 90 years (M = 37.55; SD = 11.97), of whom 328 were women (59.1%)
and 227 men (40.9%). Financial stress was measured using the APR–FSS scale, which comprises
24 items and reflects three components of financial stress: affective reactions, physiological
reactions, and relational aspects. Attitudes towards monetary policy were assessed using an
authordeveloped 12item questionnaire comprising four subscales: trust in the Central Bank,
inflation expectations, response to changes in the key interest rate, and emotional reaction to
financial stimuli. Results. Factor analysis confirmed the threefactor structure of the scale, and
reliability indices were high. Correlation analysis revealed that financial stress is primarily
associated with emotional reactions to financial stimuli and sensitivity to changes in the key interest
rate, but not with trust in the Central Bank or inflation expectations. Respondents with higher
financial stress demonstrate more pronounced emotional reactivity to economic
news. Conclusion. Financial stress is primarily associated with emotional susceptibility to
economic information rather than with cognitive evaluation of policy, which allows it to be
considered as a factor that amplifies the population's emotional responses to macroeconomic
signals.

Research target: Psychology Economics and Management Sociology (including Demography and Anthropology
Language: Russian
Full text
DOI
Text on another site
Keywords: денежно-кредитная политикаповеденческая экономикаинфляционные ожиданиямонетарное поведениеключевая ставкафинансовый стрессbehavioral economicsfinancial stressmonetary behaviorfinancial anxietyотношение к денежно-кредитной политикедоверие к Центральному банкуэмоциональная реакция на финансовые стимулыattitude to monetary policy
Similar publications
Человеко-машинная система анализа и улучшения качества условий проживания населения
Aleskerov F. T., Вайншток А. П., Делахова А. М. et al., Информационные процессы 2026 Т. 26 № 3 С. 895–913
The development and effective management of territorial entities are priority issues for all states, particularly in the context of the digital transformation of public administration. Over the past decade, the integration of information technologies into municipal and regional planning has significantly altered approaches to strategic development, service delivery, and public engagement. This paper describes the ...
Added: October 9, 2026
Как корабль назовут…
Petrovskiy V., Социальная психология и общество 2026 Т. 17 № 1 С. 183 – 186
The article discusses the paper by G.V. Akopov “Stages of categorical design of social psychology in Russia (on the 95th anniversary of B.D. Parygin)”, published in issue 2 (2025) of the journal “Social Psychology and Society”. ...
Added: October 9, 2026
Distressed firms and loan guarantee programmes during the COVID-19 crisis
Bessonova E., Popova S., Fedulova M., Emerging Markets Review 2026 Vol. 75 Article 101564
To mitigate the shocks caused by the pandemic-related restrictions, many governments implemented extensive support measures for companies facing sharp declines in revenues. In Russia, loan guarantee programmes allowed many firms to apply for loans during the pandemic. As a result, the number of small loans soared. Participation in the loan guarantee programmes helped firms in ...
Added: October 8, 2026
Decoding social information from biological motion in the broad autism phenotype: an eye-tracking study
Gavrilova E., Novoselova K., Myachykov A. et al., Psychology. Journal of the Higher School of Economics 2026 Vol. 23 No. 3 P. 498–511
The term “broad autism phenotype” (BAP) refers to individuals who do not meet the diagnostic criteria for autism but share some of its features, including social difficulties and atypicalities in visual perception and attention that have been linked to a detail-oriented cognitive style. To examine both the cognitive and social aspects of BAP, we employed ...
Added: October 8, 2026
Non-discriminatory storefront of digital platforms and ecosystems: Consumer experience and regulatory frameworks
Kuzminov Y., Koshel A., Kruchinskaia E., Russian Journal of Economics 2026 No. 12(3) P. 311–334
The expansion of digital platforms and ecosystems is reshaping consumption and the structure of modern markets. In the Russian context, a representative survey conducted by the authors indicates frequent online purchasing driven primarily by time savings, broader assortment and price accessibility. Platforms thus generate consumer benefits, including non-monetary gains that are not fully captured by ...
Added: October 8, 2026
Вышелейские эпифании: концептуальная пересборка случайной этнографии
Rozhdestvenskaya E., Abramov R., Журнал социологии и социальной антропологии 2026 Т. 29 № 3 С. 244–274
The article presents an experimental study at the intersection of social anthropology and qualitative sociology. The empirical basis is a corpus of 18 short biographical sketches of collective farm peasant women from the village of Vysheley, Penza Region, created at the end of the Soviet period by school local historians and discovered by one of the authors during a ...
Added: October 7, 2026
Decision support system for improving the quality of life of the population
Aleskerov F. T., Chaika E., Дерендяев А. Б. et al., Procedia Computer Science 2026 No. 287 P. 590–595
Under conditions of dynamic socio-economic changes, effective planning and decision-making are key factors in ensuring a high quality of life for the population in territories. This paper presents a decision support system for territorial administrations for the development and implementation of sustainable development strategies, using one of the regions of the Russian Federation – the ...
Added: October 7, 2026
A Just War: From Principles of Theory to Factors of Ordinary Judgments
Gajiyev A., Deviatko I. F., Conflict Resolution Quarterly 2026
This paper explores the factors influencing ordinary judgments of justice in warfare, drawing primarily on normative theories of just war. By examining the alignment between the philosophical principles of just war and ordinary normative judgments, we explore the extent to which lay moral evaluations of war are shaped by the principles articulated in normative just ...
Added: October 7, 2026
Трансформация исследовательских компетенций в условиях междисциплинарности: запрос на новую модель подготовки научных кадров
Nefedova A., Shmatko N., Antonova E., Социологические исследования 2026 № 9 С. 52–69
This article analyzes the transformation of professional competencies of researchers in the context of growing interdisciplinarity and the digitalization of science. The aim of the study is to identify the structural gap between the normative expectations of the scientific community and the actual outcomes of the research personnel training system in Russia. The theoretical framework ...
Added: October 6, 2026
Цифровые платформы в России: состояние, экономические эффекты и перспективы развития
Kuzminov Y., Kruchinskaia E., Koshel A. et al., М.: Издательский дом НИУ ВШЭ, 2026.
В научном докладе цифровые платформы впервые рассмотрены не как частный сегмент цифрового рынка, а как новый институциональный механизм организации экономики. В одной исследовательской рамке соединены экономика, право, социология, компьютерные науки, информационная безопасность, данные бизнеса и регуляторная практика — все то, что позволяет взглянуть на платформы как на институт со своими правилами игры. Особую ценность работе ...
Added: October 6, 2026
Кросс-культурная психология организационного поведения
Tatarko A., Юрайт, 2026.
Курс знакомит читателя с основными моделями национальной и организационной культуры, а также современными исследованиями в области кросс-культурных аспектов управления и лидерства. Особое внимание уделено практическим вопросам: отбор и подготовка экспатриантов, международный рекрутинг, кросс-культурный тренинг, работа поликультурных команд и мотивация персонала в международных компаниях. Читатель найдет ответ на ключевой вопрос: как учитывать межкультурные различия при управлении ...
Added: October 6, 2026
Систематический обзор факторов принятия искусственного интеллекта студентами высших учебных заведений: образовательный контекст
Мухамедкаримова Д. Ф., Умуркулова М. М., Galyapina V. N. et al., Вестник Карагандинского университета. Серия Педагогика 2026 Т. 31 № 3 С. 69–77
Currently, artificial intelligence occupies a solid place among traditional pedagogical technologies and approaches, which is the subject of widespread discussion among domestic and foreign scientists and researchers. This is because the introduction of AI into higher education, despite its high potential, faces a wide range of economic, social, and ethical obstacles. These include resistance to ...
Added: October 6, 2026
Потребительские настроения населения в III квартале 2026 г.
Lola I. S., Ostapkovich G. V., Asoskov D., ИСИЭЗ НИУ ВШЭ, 2026.
Центр конъюнктурных исследований Института статистических исследований и экономики знаний НИУ ВШЭ представляет информационно-аналитический материал «Потребительские настроения населения в III квартале 2026 г.», подготовленный в рамках Программы фундаментальных исследований НИУ ВШЭ. В основу обзора положены ежеквартальные опросы более 5 тыс. человек в возрасте от 16 лет и старше. Такие опросы Федеральная служба государственной статистики (Росстат) проводит во всех субъектах ...
Added: October 6, 2026
Психологическая трансформационная игра как инструмент снижения тревожности
Сизикова Т. Э., Леонов С. В., Polikanova I., Национальный психологический журнал 2026 Т. 21 № 4 С. 79–89
Background. The relevance of this study is driven by the rapid increase in anxiety disorders in modern society. According to WHO data from 2021, 359 million people worldwide suffered from anxiety disorders. In psychological practice, there is a growing number of techniques being applied, including those aimed at reducing anxiety, but their effectiveness is not always scientifically proven. Thus, ...
Added: October 6, 2026
Modern models of international competitiveness of Big Tech corporations: internal drivers versus external shocks
Rastvortseva S., Tyushkevich Y., Salushkina Z. S., Journal of regional and international competitiveness 2026 Vol. 7 No. 2 P. 38–49
This paper examines the contemporary models of international competitiveness adopted by Big Tech corporations between 2010 and 2025. The study aims to identify the internal drivers underpinning the resilience of technological giants and to assess their capacity to withstand external shocks, including sanctions, geo-economic fragmentation, and regulatory shifts. To achieve this objective, the authors employ ...
Added: October 5, 2026
De Gruyter Handbook of Eurasian Societies
De Gruyter, 2026.
Post-Soviet Eurasia is one of the world's most geopolitically consequential and rapidly transforming regions. Developments across it increasingly reshape political, economic and social relations far beyond its borders. Understanding these dynamics is therefore both intellectually urgent and analytically demanding, requiring an interdisciplinary approach capable of moving beyond established categories and fragmented national perspectives. This handbook provides ...
Added: October 5, 2026
The ripple effect: How fake news shapes stock market behavior
Fedorova E., Ledyaeva S., Stepanov V., International Review of Economics and Finance 2026
This study investigates the influence of low-quality information, specifically fake news, on short term stock returns, contributing to the discourse on signal theory and behavioral economics. Employing a machine learning approach, the authors developed a robust fake news dataset from publicly available sources. Sentiment analysis was conducted using a FinBERT model fine-tuned for stock market contexts, alongside extensive dataset ...
Added: September 12, 2026
Новое измерение заякоренности инфляционных ожиданий: динамика и детерминанты для России
Кротова Ю. И., Penikas H. I., / Банк России. Серия Доклады БР "Серия докладов об экономических исследованиях". 2026. № 177.
В январе 2025 г. в Международном журнале центральных банков (IJCB), издаваемым Банком международных расчетов (БМР), была опубликована статья (Apokoritis et al., 2025). В ней был впервые предложен новый (дополнительный) критерий заякоренности инфляционных ожиданий (ЗИО) как ситуация, когда агенты присваивают малый вес экстремальным исходам инфляции в будущем. Для исследования этого нового измерения ЗИО для России мы используем уникальный источник данных – добровольный крауд-опрос сотрудников Банка России. Он включает 13 волн за 4 года (2023–2026 гг.). В нем респондентов не только ...
Added: September 9, 2026
Динамическая доходность по вкладам как новая реальность для розничных инвесторов
Soldatova A., Сберегательное дело за рубежом 2026 № 1 С. 40–49
Within the classical macroeconomic paradigm, the key interest rate is considered the primary instrument of monetary policy. Through the transmission mechanism, it influences the cost of borrowing and saving, thereby regulating aggregate demand in the economy. Global interest rates today are highly uneven. This article examines the experiences of leading central banks under conditions of ...
Added: September 3, 2026
Субсидии: основные теоретические подходы
Ключников И. К., Saakyan T. V., Финансовые рынки и банки 2025 № 5 С. 244–254
In the conditions of increased uncertainty and change of the economic development model, the importance of effective financial assistance to the economy increases. The article considers the essence and purpose of subsidies in the system of economic relations, as well as key features of attitudes towards subsidies of various economic schools. The idea of full ...
Added: June 1, 2026
Методология обработки высокоосознанных инфляционных ожиданий
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
Алгоритм анализа новостной информации для принятия экономических решений
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
Оценка поворотных точек индикаторов деловой активности Банка России с применением методов машинного обучения
Zvereva V., Крупкина А. С., Андреев А. В. et al., Деньги и кредит 2026 Т. 85 № 2 С. 3–36
This study develops a methodology for identifying threshold values of Bank of Russia business activity indicators to determine business cycle phases using machine learning classification models. The study relies on monthly monitoring of businesses data from the Bank of Russia for the period from January 2009 to September 2025. The greatest contribution to the model ...
Added: April 14, 2026
Асимметрия процентного канала денежно-кредитной политики: отраслевой и региональный аспекты
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
  • About
  • About
  • Key Figures & Facts
  • Sustainability at HSE University
  • Faculties & Departments
  • International Partnerships
  • Faculty & Staff
  • HSE Buildings
  • HSE University for Persons with Disabilities
  • Public Enquiries
  • Studies
  • Admissions
  • Programme Catalogue
  • Undergraduate
  • Graduate
  • Exchange Programmes
  • Summer University
  • Summer Schools
  • Semester in Moscow
  • Business Internship
  • Research
  • International Laboratories
  • Research Centres
  • Research Projects
  • Monitoring Studies
  • Conferences & Seminars
  • Academic Jobs
  • Yasin (April) International Academic Conference on Economic and Social Development
  • Media & Resources
  • Publications by staff
  • HSE Journals
  • Publishing House
  • iq.hse.ru: commentary by HSE experts
  • Library
  • Economic & Social Data Archive
  • Video
  • HSE Repository of Socio-Economic Information
  • HSE1993–2026
  • Contacts
  • Copyright
  • Privacy Policy
  • Site Map
Edit