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Влияние политики количественного смягчения США на российскую экономику. Макроэконометрический анализ
Журнал Новой экономической ассоциации. 2014. Т. 22. № 2. С. 74–101.
Скрыпник Д. В.
The paper reviews recent episodes of quantitative easing in the United States and associated internal and external transmission mechanisms. On the basis of the Vector Error Correction Model (VECM) specific features of transmission for the Russian economy are revealed. The U.S. active balance monetary policy maintains oil prices at а high level, which allows Russian economy to grow at relatively high rate. However, if current economic policy in Russia unchanged, unchanged it conserves further existing model of economic growth making it unstable to external shocks and ineffective in the long-run. Thus, cancellation of the U.S. quantitative easing will cause sharp fall (severe recession) in growth rate of the Russian economy, slow recovery and only a very gradual improvement in the structure of production. Keywords: quantitative easing, spillovers effects, economic policy
Matveeva N., Yudkevich M., Higher Education 2026 P. 1–20
This study draws on neo-institutional theory and the convergence/divergence debate in higher education research to examine whether public and private universities in EU candidate countries converge or diverge in their research activity and collaboration patterns. We analyse Scopus-indexed publication data for 43 universities across Albania, Bosnia and Herzegovina, Georgia, North Macedonia and Serbia for the ...
Added: August 19, 2026
Biryukova O. V., Barzunov D., Pautov A., Проблемы Дальнего Востока 2026 № 4
The formation of new transcontinental transport arteries intensifies geoeconomic competition in Eurasia and requires the development of sustainable models of investment cooperation. The Chinese Belt and Road Initiative and the International North—South Transport Corridor represent distinct institutional concepts for infrastructure financing, differing in their sources of capital, degree of centralization, and mechanisms of risk allocation. ...
Added: August 19, 2026
Gaete Sepulveda M. A., Navarra: Eunsa, 2026.
Toward the Fifth-Generation University (5GU) is a work that proposes a transformative governance framework for institutions of higher education, capable of addressing the challenges of sustainability, digital reflexivity, and co-creation with multiple stakeholders. Drawing on a historical overview from University 1.0—focused on the preservation of knowledge—to University 5.0, the text presents a model centered on ...
Added: August 18, 2026
Lysenok N., International Journal of Computer Information Systems and Industrial Management Applications 2026 Vol. 18 No. 17s P. 533–549
This paper asks which families of volatility forecasting models create economic value in active trading, and through which integration channel that value is transmitted. Seven models drawn from four families — econometric (GJR-GARCH, HAR-J), gradient boosting (XGBoost, LightGBM), recurrent neural networks (LSTM, GRU) and a hybrid combining HAR-J with boosting — are compared on the ...
Added: August 18, 2026
Alena Bernyukevich, / Series WP BRP "Basic research program". 2025.
This essay explores the complex issue of determining the appropriate level of risk when implementing innovations within organizations. While innovation is widely recognized as a cornerstone of competitiveness, growth, and sustainability, excessive or poorly managed risk can lead to significant challenges. The discussion highlights key factors influencing acceptable risk levels, including alignment with corporate goals, ...
Added: August 17, 2026
Shaposhnikov S., Asia and Africa today 2025
Digital transformation of small and medium enterprises (SMEs) in India is critical to enhancing competitiveness and improving economic performance. It also helps address unemployment and regional inequality. However, SMEs face financial constraints, a digital skills shortage, resistance to change, and cybersecurity challenges. The authors analyze the impact of government initiatives such as Digital India, CGTMSE, ...
Added: August 14, 2026
Bessonova E., Мякишева С. М., Новиков С. В., Вопросы экономики 2026 № 8 С. 95–124
This paper examines total factor productivity (TFP) dynamics among Russian enterprises from 2018 to 2024, using translogarithmic production function estimates for 290 industries. To address endogeneity and functional dependence issues, we employ the Ackerberg—Caves—Frazer methodology with a control function approach. Our findings reveal distinct sectoral patterns. In mining, both simple average and value-added-weighted TFP rose ...
Added: August 13, 2026
BRICS Journal of Economics 2026 Vol. 7 No. 2 P. 185–209
This study provides an empirical analysis of the relationship between trade and the environment in Singapore. It offers valuable insights into reconciling economic growth and environmental sustainability in this globally significant trade center and contributes significantly to policy formulation for trade-oriented economies. The paper examines empirical trends in trade openness, foreign direct investment (FDI), economic ...
Added: August 13, 2026
Gokhberg L., Kutsenko E., Lebedeva S. et al., М.: ИСИЭЗ ВШЭ, 2025.
This publication prepared by the Russian Cluster Observatory of the National Research University Higher School of Economics Institute for Statistical Studies and Economics of Knowledge is a followup of the 2021 publication dedicated to the statistical measurement of the creative economy of Moscow.
It provides the basic economic indicators of Moscow’s creative industries, assessment of the ...
Added: August 13, 2026
Evgeniia K., Cardoni A., Makeeva E. Y. et al., Business Strategy and the Environment 2026 P. 1–17
This study investigates the relevance of sustainable governance (SG) and its impactful elements in the context of the Russian market, a unique case of an isolated economy, using market value as a proxy for concept relevance. Adopting stakeholder and institutional approaches, this study uses panel data from 152 firms listed on the Moscow Exchange from ...
Added: August 12, 2026
Saraev V., Medovnikov D., Розмирович С. Д. et al., М.: Иннопрактика, 2020.
This report presents a brief summary of the results of a study devoted to the analysis of innovation practices in large Russian companies, their comparison with the most successful international experience, and the identification of opportunities to improve the effectiveness of innovation development tools. ...
Added: August 11, 2026
Rozhkova K., Roshchin S., Roshchina Y., Вопросы экономики 2026 № 8 С. 29–54
Стремительное развитие генеративного искусственного интеллекта (генИИ) усилило дискуссии о том, как новые технологии трансформируют рынок труда, особенно позиции и задачи, которые еще недавно мог выполнять только человек. Эксперименты показывают, что генеративный ИИ может обеспечить значительный прирост производительности, особенно менее квалифицированных сотрудников, что может приводить к возникновению индивидуальной зарплатной отдачи на рынке труда. Впервые для России ...
Added: August 11, 2026
Puchkov E., Knyaginina N., М.: Национальный исследовательский университет "Высшая школа экономики", 2026.
The report examines the ecosystem supporting the development of social entrepreneurship in Europe. It considers the historical evolution of the sector, the approaches adopted by the European Union and individual countries to defining and recognising social enterprises, and the differences between European and Russian models. Particular attention is paid to the role of social enterprises ...
Added: August 11, 2026
Междуреченск: Кузбасский государственный технический университет им. Т.Ф. Горбачева, 2026.
В сборнике представлены материалы докладов по направлениям Международной научно-практической конференции «Современные тенденции и инновации в науке и производстве»: 1. Технологии и инновации в горной промышленности; 2. Экономика, управление, финансы; 3. Информационные системы и технологии; 4. Юный исследователь. Целью этой конференции является обмен передовым опытом, повышения квалификации их участников и, вместе с тем, это способ установления и укрепления научного сотрудничества среди ...
Added: August 11, 2026
Fedyunina A., Drapkin I. M., Simachev Y. V., Area Development and Policy 2026
Trade sanctions generate asymmetric shocks in developing economies, reshaping their integration into global value chains (GVCs). Using a gravity framework covering 68 developing countries over the period 2000–2021, this paper examines how sanctions affect forward and backward GVC linkages. We find that sanctions significantly reduce both dimensions of GVC participation: backward linkages suffer deeper and ...
Added: August 10, 2026
Carlos Rincon, Alekseeva O., Vukovic D. et al., Risk Management 2026 Vol. 28 Article 38
This study examines the long-term effects of the European Central Bank’s (ECB) unconventional monetary policy (UMP) interventions on the yields of sovereign bonds in the Eurozone. Using a sample of 14 European countries from January 2009 to December 2023, our findings indicate that increases of 1 billion euros in the ECB’s balance sheet are associated ...
Added: May 22, 2026
Kilinc-Ata N., Energies 2025 Vol. 18 No. 4 Article 839
All nations are searching for ways to address their environmental gaps to assure long-term sustainability, given the alarming rate at which the environment is deteriorating. As one of the nations pursuing clean energy, Oman needs to embrace eco-friendly practices that can encourage sustainability and resource efficiency to establish green ecosystems. This study uses an autoregressive ...
Added: February 12, 2025
Rincon C. J., Journal of Risk and Financial Management 2024 Vol. 17 No. 10 Article 440
This paper analyzes the effects of central bank interventions via large-scale purchases of government debt securities on the pricing of stock market indices. This study examines the effects of changes in the size of the Federal Reserve’s balance sheet in three intervention scenarios: during the 2008–2013 period, the 2020–2022 period, and in the years between ...
Added: October 1, 2024
Rincon C. J., Darko B. Vukovic, Journal of Risk and Financial Management 2024 Vol. 17 No. 10 Article 442
This study investigates the impact of Central Bank interventions on the pricing dynamics of select stock markets. The research utilizes the instrumental variables three-stage least square (3SLS) model approach. It analyses the effects of variations in the Federal Reserve’s balance sheet size across three distinct intervention scenarios: the 2008–2013 Great Recession, the 2020–2021 COVID-19 pandemic ...
Added: October 1, 2024
Rincon C. J., Petrova A., Journal of Risk and Financial Management 2024 Vol. 17 No. 9 Article 425
This study assesses the effects of the European Central Bank’s (ECB) unconventional monetary policy (UMP) on the prices of selected European stock market indices during the European sovereign debt (2010–2012) and the COVID-19 pandemic (2020–2022) crises interventions. This research employs the instrumental variables (IV) two-stage least squares (2SLS) model approach to evaluate the effects of ...
Added: October 1, 2024
Скрыпник Д. В., Экономика и математические методы 2016 Т. 52 № 3 С. 92–113
The constructed macroeconomic model of Russian economy is presented. The model takes into account the key features of behavioral mechanism, economic policy mechanism, and key structural features of the economy for medium and short periods. We model the budget rule mechanism, consider interaction between the Central Bank and the budget in the context of monetary ...
Added: February 4, 2024
Rincon C. J., , in: World Finance & Banking Symposium, 2022 E-Proceedings.: Florida International University, 2022. P. 99–99.
This paper analyses the effects of central bank interventions on the pricing of stock market indices. The study confirms that the large-scale purchases of government debt securities in response to the Great Recession and Covid-19 crises by the Fed, influence the pricing of equity markets via its effect on the pricing of treasury bonds. The ...
Added: December 18, 2023
Florida International University, 2022.
EQUITY MARKETS PRICING AND CENTRAL BANK INTERVENTIONS:
A PANEL DATA APPROACH
Carlos Rincon
HSE University, Russia
krinkonernandes@hse.ru
Abstract
This paper analyses the effects of central bank interventions on the pricing of stock market
indices. The study confirms that the large-scale purchases of government debt securities in
response to the Great Recession and Covid-19 crises by the Fed, influence the pricing of equity
markets via ...
Added: December 18, 2023
Mishin A., Review of Economic Dynamics 2023 Vol. 51 P. 965–990
Regulated banks expand relative to shadow banks in recessions and when credit spreads are high, while regulated banks shrink relative to shadow banks in expansions and when credit spreads are low. Motivated by these facts, I build a quantitative general equilibrium model with endogenous risk taking to study how competitive interactions between regulated banks and ...
Added: December 16, 2023