Editorial: Economic Effects of COVID-19 Related Uncertainty Shocks

The paper is devoted to the analysis of development prospects and problems of Eurasian Economic Union (EAEU) of Russia, Kazakhstan, Belarus and Armenia. It considers integration problems inside EAEU, interactions of EAEU with other CIS countries and with countries from the rest of the world. The paper shows that the major integration challenge inside EAEU is the domination of the redistributive motive over the creative one. It estimates the value of the oil and gas transfer from Russia to other EAEU members and the influence of the Russian tax maneuver on this transfer. The paper shows the need in redistribution mechanism inside EAEU as a necessary condition for getting the potential positive economic effects of free trade with other countries. It also assesses the risks for EAEU due to Russian embargo for food imports from countries of the sanctions list and possible application of tariff in the trade with Ukraine.

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Economic effects of monetary policy in Russia: What do large datasets tell us?

Voprosy Ekonomiki ◽

10.32609/0042-8736-2020-4-31-53 ◽

2020 ◽

pp. 31-53 ◽

Cited By ~ 1

Author(s):

Anna A. Pestova ◽

Natalia A. Rostova

Keyword(s):

Monetary Policy ◽

Interest Rate ◽

Interest Rates ◽

Economic Activity ◽

Global Financial Crisis ◽

Exchange Rate Regime ◽

Aggregate Demand ◽

Economic Effects ◽

Theoretical Concepts ◽

Empirical Estimates

Is the Bank of Russia able to control inflation and, at the same time, manage aggregate demand using its interest rate instruments? In other words, are empirical estimates of the effects of monetary policy in Russia consistent with the theoretical concepts and experience of advanced economies? This paper is aimed at addressing these issues. Unlike previous research, we employ “big data” — a large dataset of macroeconomic and financial data — to estimate the effects of monetary policy in Russia. We focus exclusively on the period after the 2008—2009 global financial crisis when the Bank of Russia announced the abandoning of its fixed ruble exchange rate regime and started to gradually transit to an interest rate management. Our estimation results do not confirm standard responses of key economic activity and price variables to tightening of monetary policy. Specifically, our estimates do not reveal a statistically significant restraining effect of the Bank of Russia’s policy of high interest rates on inflation in recent years. At the same time, we find a significant deteriorating effect of the monetary tightening on economic activity indicators: according to our conservative estimates, each of the key rate increases occurred in March and December 2014 had led to a decrease in the industrial production index by about 0.2 percentage points within a year.

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Economic Effects of 2004-2009 Tax Reforms: Retrospective Analysis

Voprosy Ekonomiki ◽

10.32609/0042-8736-2012-2-108-123 ◽

2012 ◽

pp. 108-123

Author(s):

E. Penukhina ◽

D. Belousov ◽

K. Mikhailenko

Keyword(s):

Retrospective Analysis ◽

Tax Policy ◽

Economic Effects ◽

Tax Policies ◽

Policy Changes ◽

Tax Reforms ◽

Russian Economy ◽

Balanced Budget ◽

Budget System

The article determines, describes and analyzes phases of tax reforms in Russia. We estimate macroeconomic and fiscal effects of various tax policies held during the second and third phases of tax reforms. The necessity of providing a balanced budget system, as well as complex assessment of effects of tax policy changes for the development of the Russian economy is noted.

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Socio-economic effects of labor migration from small towns of Russia

Voprosy Ekonomiki ◽

10.32609/0042-8736-2016-4-103-123 ◽

2016 ◽

pp. 103-123 ◽

Cited By ~ 5

Author(s):

N. Mkrtchyan ◽

Y. Florinskaya

Keyword(s):

Migrant Workers ◽

Labor Migration ◽

Small Towns ◽

Economic Benefits ◽

Economic Effects ◽

Spatial Mobility ◽

Positive Effects ◽

High Labor ◽

Standardized Interview

The article examines labor migration from small Russian towns: prevalence of the phenomenon, the direction and duration of trips, spheres of employment and earnings of migrants, social and economic benefits of migration for households. The representative surveys of households and migrant-workers by a standardized interview were conducted in four selected towns. Authors draw a conclusion about high labor spatial mobility of the population of small towns and existence of positive effects for migrant’s households and the economy of towns themselves.

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Economic effects of winter wheat fertilization

Cereal Research Communications ◽

10.1556/crc.34.2006.1.205 ◽

2006 ◽

Vol 34 (1) ◽

pp. 825-828 ◽

Cited By ~ 5

Author(s):

Ruzica Loncaric ◽

Zdenko Loncaric ◽

Krunoslav Zmaic

Keyword(s):

Winter Wheat ◽

Economic Effects

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The Clinical and Economic Effects of Switching Medicare Beneficiaries with Type 2 Diabetes from Analog to Human Insulin

Diabetes ◽

10.2337/db18-4-or ◽

2018 ◽

Vol 67 (Supplement 1) ◽

pp. 4-OR

Author(s):

JING LUO ◽

NAZLEEN F. KHAN ◽

THOMAS MANETTI ◽

JAMES J. ROSE ◽

ANI KALOGHLIAN ◽

...

Keyword(s):

Type 2 Diabetes ◽

Human Insulin ◽

Economic Effects ◽

Medicare Beneficiaries

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The Economic Effects of Energy Price Shocks

CFA Digest ◽

10.2469/dig.v39.n3.33 ◽

2009 ◽

Vol 39 (3) ◽

pp. 37-39

Author(s):

M.E. Ellis

Keyword(s):

Economic Effects ◽

Energy Price ◽

Price Shocks

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A methodology for computing and assessing the transport accessibility index: The Russian Federation subjects case study

Finance and Credit ◽

10.24891/fc.26.11.2410 ◽

2020 ◽

Vol 26 (11) ◽

pp. 2410-2426

Author(s):

A.N. Savrukov ◽

N.T. Savrukov

Keyword(s):

Russian Federation ◽

Geographical Location ◽

Cost Benefit ◽

Spatial Development ◽

Economic Effects ◽

Economic Agents ◽

Economic Relations ◽

Transport Accessibility ◽

Analysis And Synthesis ◽

The Russian Federation

Subject. This article examines the set of economic relations and problems emerging within the spatial development of settlements and constituent entities of the Russian Federation. Objectives. The article aims to develop key indicators and methods for assessing transport accessibility, potential market capacity, taking into account socio-economic characteristics, geographical location and the level of connectivity of areas. Methods. For the study, we used the methods of economic, statistical analysis and synthesis, comparison, and the k-means method. Results. The article proposes a system of cost-benefit equations for economic agents, and criteria, and a methodology for assessing the Transport Accessibility Index. Based on the clustering of Russian subjects by k-means, the article describes four groups of regions by level of transport accessibility. Conclusions and Relevance. The practical use of the approach presented to assess the Transport Accessibility Index will help form the basis for management decisions aimed at improving efficiency in the planning of spatial development and assessing the socio-economic effects of the proposed measures. The developed Transport Accessibility Index should be used as part of the analysis and monitoring of the effectiveness of infrastructure expenditures affecting changes in the transport accessibility of settlements within individual regions (municipalities).

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