Western governments usually are sent about 30% of GDP for social purposes. Financing is carried out due to tax payments through the system of taxes from current revenue (hereinafter - PAYGO, pay-as-you-go). How effective such transfers, and whether the market or other mechanisms to improve this...

This article shows the characteristic of the transmission mechanism of monetary policy (TMM) and its methods of research in different economic schools. Describes common aspects and differences in the views of various authors on TMM; it is shown that the study of TMM in developing economies,...

Introducing to the judgement of respectable public part of this work related to economic aspects of "the Gold question," from the very beginning we want to protect themselves from an incorrect interpretation of two things. First of all we want to draw attention to the fact that in the present...

At first sight, Russia's economic performance is quite stable. On the background of the slowdown in the world economy and the continuing recession in the Euro zone in 2012. Russia has shown strong economic growth through sustainable consumption. The budget was drawn with a zero deficit, and the...

In this article devoted to the results of Russian economy development in 2012, shows that the country entered the phase of stagnation. It is not in the complete absence of economic growth, and in his weakness, not corresponding to the real opportunities. Dynamics of nearly all major economic...

This round table presents the materials of the discussion on the research of RANEPA on measuring the impact of weak competition, including: a general approach, as well as the peculiarities and the results of evaluations in selected areas (gas, freight rail transportation, construction,...

The article provides a retrospective analysis of the causes and consequences of the economic crisis in the UK in the 1970s, in which the country has lost its competitive advantages in relation to other industrial countries of the West. It is argued that the main factors of «British disease»...

Literacy to Russia came together with Christianity in the tenth century, but until the eighteenth century has evolved very slowly, far behind the Western European countries. Since the beginning of the XVIII century, under the impact of early modernization, the government is making significant...

The unprecedented financial crisis of 2008-2009 has called attention to limitations of existing methods for estimating the default risk of financial intuitions. Over the past decade, we have had considerable success at predicting default and credit relative value using Merton-type structural...

The main aim of this article is to investigate the accuracy of the Multivariate Generalized Autoregressive Conditional Heteroskedasticity Model (M-GARCH) for the selection of the best investment portfolio. There is extended literature on M-GARCH in this field with a great number of studies using...