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News
May 25, 2026
HSE Scientists Train Neural Network to 'Hear' Faults in Electric Motors
Researchers at the AI and Digital Science Institute of the HSE Faculty of Computer Science have developed a new method—the Signature-Guided Data Augmentation (SGDA) framework—that achieves 99% accuracy in motor fault detection and 86% accuracy in fault classification. The application of this approach can reduce industrial equipment repair costs, minimise downtime, and improve production safety. The study results have been published in Engineering Applications of Artificial Intelligence.
May 25, 2026
'The Humanities Serve as a Conscience'
Maria Mizernaia studies Soviet literature and the history of book publishing. In this interview for the HSE Young Scientists project, she discusses plans to publish a novel about besieged Leningrad, AI-provoked reflections on what it means to be human, and how novels can help satisfy our dopamine hunger.
May 25, 2026
Is It Possible to Predict a Citys Life Based on the Shape of Its Neighbourhoods?
Is it possible to predict, based on the configuration of streets and buildings, where a café will open or where traffic congestion will occur? Participants in the Spatial Analysis and Modelling of Urban Processes research and study group use open data and machine learning to identify universal patterns. Alexander Sheludkov and Eduard Somov discuss the purpose of comparing cities, the need for new forms of urban statistics, and how open data is transforming approaches to urban studies.

 

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?

Debates in Monetary Macroeconomics Tackling Some Unsettled Questionsmics

Switzerland : Springer Publishing Company, 2022.
Smithin J., Pressman S.

This edited volume presents the key unresolved debates in monetary macroeconomics, covering the five topics of budget, trade, taxes, exchange rates and monetary policy. For each topic, there are two authors — one arguing for a certain policy and one against. The book takes an approach eschewing mathematics or econometrics, instead presenting arguments in the spirit of political economy - while incorporating the most recent thinking in macroeconomics. This approach, combined with the objective of encouraging debate, makes the book ideal reading for students of monetary macroeconomics, researchers seeking alternative views, and the general public.

Chapters
The Case for Fixed Exchange Rate Regimes: What for and in What Form?
Nenovsky N., Faudot A., , in: Debates in Monetary Macroeconomics Tackling Some Unsettled Questionsmics.: Switzerland: Springer Publishing Company, 2022. P. 193–216.
This paper provides several arguments for fixed exchange rates. First, any firm doing business abroad needs a stable and orderly exchange rate system. This is why most international corporations have chosen the US dollar as their functional currency. Second, although fixed regimes have been accused of hindering monetary policy, the paper argues that floating regimes ...
Added: January 18, 2023
Language: English
DOI
Text on another site
Keywords: monetary policyeconomic policymacroeconomic policymonetary macroeconomicsJohn Stuart Mill
Debates in Monetary Macroeconomics Tackling Some Unsettled Questionsmics
Similar publications
Effects of the ECB’s monetary policy on sovereign bonds pricing
Rincon C. J., Alekseeva O., Vukovic D. et al., Risk Management 2026 No. 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
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
СРАВНИТЕЛЬНЫЙ АНАЛИЗ ПРОГНОЗА СОЦИАЛЬНО-ЭКОНОМИЧЕСКОГО РАЗВИТИЯ РОССИЙСКОЙ ФЕДЕРАЦИИ И ОСНОВНЫХ НАПРАВЛЕНИЙ ЕДИНОЙ ГОСУДАРСТВЕННОЙ ДЕНЕЖНО-КРЕДИТНОЙ ПОЛИТИКИ НА 2024 ГОД И ПЛАНОВЫЙ ПЕРИОД 2025 И 2026 ГОДОВ
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
Does theory influence policy? A quantitative analysis of interrelationship between academic discourse and economic policy in international trade
A.V. Galeev, Galeeva E. A., Zhokhov M. M., The Journal of the New Economic Association 2025 No. 4(69) P. 207–231
This paper addresses the mutual influence between economic theory and policy in international trade employing interdisciplinary methodology, integrating Natural Language Processing (NLP) and econometric analysis. We test whether the relationship between economic theory and economic policy can be characterised by either “economics as art” approach (where theory serves the role of an auxiliary tool to ...
Added: December 26, 2025
Вмененные инфляционные ожидания
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
ТРАНСФОРМАЦИЯ ИНВЕСТИЦИОННОЙ ПОЛИТИКИ В РОССИИ В УСЛОВИЯХ ДЕЙСТВУЮЩЕЙ ДЕНЕЖНО-КРЕДИТНОЙ ПОЛИТИКИ (ЦБ)
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
Государственное регулирование как фактор преодоления препятствий технологическому лидерству и росту производительности труда
Shokhin A. N., Годило Т. С., Чеснюкова Л. С. et al., Бизнес. Общество. Власть 2025 № 3(57) С. 8–35
The article examines the impact of geopolitical instability on a nation's technological development, with particular focus on adaptation mechanisms to sanctions pressure, import substitution strategies, and the role of state policy in ensuring technological sovereignty. Special attention is given to Russia as a case study for analyzing the consequences of restrictions and exploring alternative development ...
Added: October 30, 2025
The impact of income and inflation expectations on consumption: Evidence from a laboratory experiment
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
Особенности реагирования зарубежных стран на масштабные санкции: есть ли уроки для изучения?
Kuzyk M., Simachev Y. V., Вопросы экономики 2025 № 10 С. 5–27
The article is devoted to a comparative analysis of the economic policies of several countries — Iran, DPRK, Venezuela — implemented under large-scale external sanctions and aimed at both minimizing the damage caused by them and ensuring long-term economic development. The reviewed practices of responding to sanctions allow us to identify a number of regularities ...
Added: October 17, 2025
О ключевых аспектах оценки эффективности макропруденциальной политики
Lapteva E., Pilnik N., Вестник Санкт-Петербургского университета. Серия 5. Экономика 2025 Т. 41 № 3 С. 340–363
The article systematizes, synthesizes, and compares the results of studies aimed at modeling and assessing the effectiveness of macroprudential policy both at the level of individual countries and in a cross-country context. It provides an interdisciplinary review that integrates empirical findings with theoretical frameworks of macroprudential regulation, offering a novel analytical perspective on its effectiveness ...
Added: June 30, 2025
Central banking and monetary policy implementation in Russia
Grishchenko V., Zhirnov G., Tkachev V., , in: Central Banking and Monetary Policy Implementation.: Edward Elgar Publishing, 2025. P. 219–260.
In this chapter, we study the evolution of monetary policy regimes and operational framework in Russia during the last 30 years. After the collapse of the Soviet Union, the development of monetary policy instruments in Russia started virtually from scratch. Over the course of time, the central bank has switched from direct lending to the ...
Added: June 25, 2025
Детерминанты неопределенности инфляционных ожиданий (по результатам общероссийского опроса)
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
The Alternative Monetary Rule: Evidence from Russia
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
Региональная инфляция и возрастная структура населения: взгляд сквозь призму пространственно-временного подхода
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
UNCONVENTIONAL MONETARY POLICY AND DEBT MARKETS: EVIDENCE FROM THE EUROZONE
Alekseeva O., Vukovic D., Rincon C. J., , in: GSOM ECONOMY AND MANAGEMENT CONFERENCE 2024. Conference bookBook GSOM ECONOMY AND MANAGEMENT CONFERENCE 2024.: St. Petersburg: Saint Petersburg State University, 2024. P. 636–644.
This study assesses the impact of the European Central Bank's Unconventional Monetary Policy (UMP) on sovereign bond yields in the Eurozone. While existing literature has explored this relationship, gaps remain in terms of comprehensiveness and methodology. This paper provides evidence on the long-term effects of the ECB's asset purchase programs by employing Random, Fixed Effects ...
Added: March 21, 2025
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