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Theoretical considerations suggest that as market institutions are developing in Russian regions, the divergence of regional consumer price levels, which has been caused by the price liberalization of 1992, should give way to price level convergence. Using price dynamics data (overall consumer...
Persistent link: https://www.econbiz.de/10005519020
The ideal measure of inflation reflects long-run price movements driven by actual demand in the economy and excludes … analyze alternative methods of core (or underlying) inflation and to determine the efficient measure of core inflation … Statistics Committee (the concept of core inflation does not yet exist in the Kyrgyz economic reporting system). …
Persistent link: https://www.econbiz.de/10005519038
. This process has been intensive in Russia, with considerable regional variation. In this study, this variation is estimated …, drawing on the theory of conditional and unconditional convergence. It is shown that in the 1991–1993 period, Russia's regions …
Persistent link: https://www.econbiz.de/10005157597
A domination concept, based on the notion of an exchange contract, is proposed and studied in this paper. Doing so, the classical notion of domination via coalitions is transmitted onto systems (webs) of contracts and onto allocations, whose stability is investigated. This way, the proposed...
Persistent link: https://www.econbiz.de/10005187680
A bank can be viewed as a firm that uses deposits as inputs to “produce” loans and investments. If a manager does all her best, the bank affords its production possibilities frontier. However, the manager’s incentives may not go in-line with those of the bank’s owners, and this leads to...
Persistent link: https://www.econbiz.de/10005187684
of bank owners was among the reasons why bank went bankrupt in the afteemath of August 1998 financial crisis in Russia …
Persistent link: https://www.econbiz.de/10005187686
This paper focuses on persistent poverty in Russia and determines the main micro and macro factors that cause a …
Persistent link: https://www.econbiz.de/10005187689
The Russian economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy. In the virtual economy, barter and non-monetary transactions play a key role in transferring value from productive activities to the natural monopolies and...
Persistent link: https://www.econbiz.de/10005187690
The authors construct a computable general equilibrium (CGE) model of a Nizhny Novgorod regional economy – a typical large industrialised re-gion of the Russian Federation. The model allows to capture some of the key features of the ‘virtual economy’, such as barter transactions and...
Persistent link: https://www.econbiz.de/10005187696
The authors investigate the possibility of utilizing the depreciation mechanism to provide incentives for undertaking investment in the real sector of the Russian economy. The proposed model of investor's behavior under risk and uncertainty considers a wide range of tax instruments The authors...
Persistent link: https://www.econbiz.de/10005187702