The author proposes models that allow assessing the money demand in Russia, taking into consideration the growing development of electronic payments. The equation considered in the article can be used to build predictive models of inflation.

The paper deals with an analysis of efficacy of monetary and credit policy in the major oil_exporting economies from the perspective of sterilization of shocks caused by money offer generated by fluctuations of export revenues fueld by oil price fluctuation on the global market. Basing on...

This study develops the approach of corruption measurement based on the income-expenditure comparison. Using micro-level data on reported household earnings, expenditures and assets provided by Russian Longitudinal Monitoring Survey for the period 2000-2009 we find that households with workers...

This study develops the approach of corruption measurement based on the income-expenditure comparison. Using micro-level data on reported household earnings, expenditures and assets provided by Russian Longitudinal Monitoring Survey for the period 2000-2009 we find that households with workers...

This paper proposes the extension of the Hasza and Fuller (1979) test for double unit roots based on GLS-detrending. The limiting distribution of this test is obtained under local to unity representation and coincides with the distribution of the conventional test in the absence of a...

The present financial crisis is a further link in the chain of crises widely described in economics literature. As recently as in the 1990s the global economy was affected by a number of crises which had an impact on several whole groups of countries. In 1992-1993 several countries of the...

The past year was transitional from the crisis period to a normal development. Russia’s GDP increased 4% in 2010. GDP and industrial production nearly recovered by the end of 2010, reaching 97-99% of the values recorded in September 2008, as estimated by Rosstat. These values show that as...

This study presents an analysis of one of the most important tasks of any innovative economy – innovation policy development. The work provides an overview of the main instruments for implementation of innovation policy and their systematization. Each instrument of innovation policy is...

In this paper we tested the hypothesis of the "political" basis for the "economic" rights. We constructed our own variables of political regimes' classification for years 1820-2000. We found significant positive interdependencies between the Democracy's indicators and Economic Growth. Protection...

The privatisation wave that spread all over the world in the 1980s at last reached the shores of Russia in the 1990s and near the bastions of the administrative system it came to rest in a rather indecisive way. If in the 1980s the issue of privatisation was of real interest only for a narrow...