«По-видимому, период быстрого экономического роста в России закончился.
Долгосрочный прогноз Минэкономразвития предполагает, что до 2030 г …

Purpose–This paper sets out to explore three areas in which the experience of the great
depression might be relevant today: monetary policy, fiscal policy, and the systemic stability …

In 2010 authorities have taken the first steps to end some of the public support measures put
in place in response to the financial crisis, starting with government guarantees for bond …

The year 2009 may well have been one to forget for the euro area but it was undoubtedly
one to remember for scholars of economic and monetary union (EMU). Although it lacked …

The global financial and economic crisis has warranted authorities to pursue extraordinary
policy measures including fiscal stimulus and excessive monetary accommodation …

How far to go–and to remain–in the direction of highly expansionary monetary policy hinges
on the balance of marginal benefits and costs of additional monetary easing and its …

Inspired by Dornbusch's model of exchange rate overshooting we develop a theory of stock
market behaviour and its impact on the real economy. The idea is that stock market prices …

The paper demonstrates the efficacy of liquidity management through both the rate and
quantum channels. Using the concepts of autonomous and discretionary liquidity, the paper …

由于欧洲经济的特殊性, 欧洲危机先后经历了金融危机, 债务危机和银行危机三个阶段.
欧元区的非常规政策调整时机也表现出与其他发达经济体不同的特点. 非常规货币政策的退出 …

This study examines the expanding role of fiscal policy at a time of financial crisis. It
analyses the stimulative fiscal measures of the Russian government in 2008-2010 and …