In December 2014, Russia’s authorities faced a severe foreign exchange crisis, which forced them to increase the CBR key interest rate to 17% and to order a number of major state-owned companies, including Gazprom and Rosneft , that their foreign exchange reserves should be brought back to the...

This paper provides a within-country analysis of the impact of corruption on economic growth using a panel of Italian regions from 1968 to 2011 through a robust measure of corruption. This measure is averaged over 5-year periods to reduce short-run fluctuations and to reduce probable delayed...

Основные новости марта 2015 г. происходили в экономической сфере, – а именно, в дискуссиях вокруг нового проекта бюджета на 2015–2017 гг. и направлениях экономической...

In March 2015, the topmost headline-makers were various economic issues, including the ongoing discussion on the new draft budget for 2015–2017 and on the future course of Russia’s economic policy. However, the beginning of March was also marked by two very serious and purely political...

In October the current turmoil in Russia’s international relations palpably stagnated. At the same time, Russia’s economic-political scene displayed alarming portents of future troubles in her business environment: it is not an exaggeration to say that, in October, Russia found herself on...

This paper analyzes the determinants of public law enforcement policies when citizens vote for the timing and level of fi…nes. We consider situations where citizens and politicians disagree on the value of the expected social harm associated with some activities. We fi…nd that citizens vote...

In November 2014, Vladimir Putin declared that he had no intentions to become Russia’s president-for-life. In spite of Putin’s assurances, this public statement has inevitably sent an alarming signal to society. In November 2014, a court of justice seized the company Bashneft from Vladimir...

A new truce was arranged in Ukraine in February 2015, following a meeting involving the leaders of Russia, France and the German Chancellor. However, the very context of Minsk II Agreements repeats the numerous understatements of Minsk I Agreements and can be broken any time unless solid...

В сентябре 2014 г. правительство утвердило проект очередного бюджета, отказавшись от повышения налогов и найдя промежуточное решение по сохранению накопительной...

Главной публичной новостью стала заочная полемика между В. Путиным и Д. Медведевым вокруг инициатив следственного комитета РФ вернуть, как минимум, себе право...