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Tag "economics"

The Dignity Factor: What Social Policy Should Look Like in the New Era

The Dignity Factor: What Social Policy Should Look Like in the New Era
Abhijit Banerjee, one of the 2019 Nobel Prize winners in economics, spoke at a seminar at HSE University and explained why people trust economic forecasts less than a weather forecast and what can be done to bring this trust back.

‘Not Testing the Knowledge, But Testing Whether You Are Ready to Interact with Reality’

‘Not Testing the Knowledge, But Testing Whether You Are Ready to Interact with Reality’
The roundtable "Teaching Economics to High School Students: Curricula, Practices, Competitions" took place as part of the XXII April International Academic Conference on Economic and Social Development. Danil Fedorovykh, Deputy Vice Rector of HSE University and the President of the Executive Board of the International Economics Olympiad (IEO), initiated the session. Alexander Zhitkovskiy, Head of the Project Laboratory for Development of Intellectual Competitions in Economics (Faculty of Economic Sciences, HSE University), was the co-moderator.

How to Mitigate the Influence of Retail Investors on the Stock Market

How to Mitigate the Influence of Retail Investors on the Stock Market
Pasha Andreyanov, Assistant Professor in the Department of Theoretical Economics at HSE University and Tomasz Sadzik, Assistant Professor of Economics at University of California, have described a mechanism that allows the stock market to remain relatively calm despite the growing influence of retail investors. Their joint article, 'Robust Mechanism Design of Exchange', was published in the Review of Economic Studies, one of the top 5 academic journals in economics and finance.

Negative Reviews Boost Sales

Negative Reviews Boost Sales
Aleksei Smirnov, Assistant Professor, HSE University Faculty of Economic Sciences, and Egor Starkov, Assistant Professor, University of Copenhagen, have constructed a mathematical model that explains why it is advantageous for sellers not to delete negative reviews of their products. A study detailing this conclusion has been accepted for publication in The American Economic Journal: Microeconomics.

A Biased Evaluation of Employees’ Performance Can Be Useful for Employers

A Biased Evaluation of Employees’ Performance Can Be Useful for Employers
In assessing an employee’s performance, employers often listen to his immediate supervisor or colleagues, and these opinions can be highly subjective. Sergey Stepanov, an economist from HSE University, has shown that biased evaluations can actually benefit employers. An article substantiating this finding was published in the Journal of Economic Behavior and Organization.

Russian Consumer Sentiment Improving

Russian Consumer Sentiment Improving
After collapsing in the early days of the COVID-19 pandemic, consumer demand has partly recovered in Russia. The lowest point in consumer confidence seems to be behind us, but we should not expect a noticeable recovery any time soon, according to HSE ISSEK Centre for Business Tendency Studies (CBTS). Based on a recent consumer survey in Russia, IQ compares consumer sentiments as we are entering the second wave of the pandemic with those reported at the start of its first wave.

Research Only: How Academic Tourism Went Online and Why Scholars Like It

Research Only: How Academic Tourism Went Online and Why Scholars Like It
On October 23 – 24, 2020, the IX International Moscow Finance Conference will take place. The event has been organized jointly by ICEF and the London School of Economics. This year, the list of participants includes the editors of the two biggest journals in economics. Alexei Boulatov , Tenured Professor of HSE University, spoke about how the online format influenced the quality of academic events, what has changed in academic life over the last few months, and the topics that interest researchers today.

Russians Consider Themselves Poorer Than They Actually Are

Russians Consider Themselves Poorer Than They Actually Are
Experts often blame income inequality for a wide range of social ills. They usually calculate its severity using special statistical indices drawn from official tax data or large-scale surveys of individual households. Such analyses create an objective picture and indicate the degree of inequality and the basic factors behind it.

It Turns Out That Russians Are Unprepared for Poverty

It Turns Out That Russians Are Unprepared for Poverty
For years, Russians have failed to develop the ability to adapt to financial vulnerability — that is, to the risk of falling below the poverty line. This is associated with the fact that Russians are less satisfied with life and rate their well-being lower as well. With the prospect of falling poverty an ongoing problem, these indicators have not improved.

A Pandemic of Negative Interest Rates: Banks and Their Clients Will Have to Adapt to a New Normal

A Pandemic of Negative Interest Rates: Banks and Their Clients Will Have to Adapt to a New Normal
The coronavirus pandemic and lockdown have made life difficult for credit institutions and their clients. Citizens’ incomes have decreased, which can lead to an increase in bad debts, and a decrease in the key rate to support the economy makes deposits less and less attractive and deprives banks of an important resource. Banks are compelled to search for new ways to earn money, which carries additional risks, says HSE Banking Institute Director Vasily Solodkov.