Inflation targeting might support economic growth by lowering inflation and volatility. However, monetary policy alone cannot drive growth.
Dialogue Chain. Episode 4. Aleksander Auzan, Professor, Dean, Faculty of Economics, Lomonosov Moscow State University interviews Marek Dabrowski, Professor of the Higher School of Economics, non-resident Scholar at Bruegel
Dialogue Chain. Episode 3. Natalya Zubarevich, Professor, Faculty of Geography, Lomonosov Moscow State University, interviews Aleksander Auzan, Professor, Dean, Faculty of Economics, Lomonosov Moscow State University
The worldwide development of the inflation targeting regime raises new and controversial issues, which the Bank of Russia too must confront.
Dialogue Chain. Episode 2. Branko Milanovic, one of the world's leading experts in income inequality, interviews Natalya Zubarevich, MSU professor and prominent expert on the economy of Russian regions.
Real-world experience confirms that forward guidance makes central bank policy even more predictable.
Russia’s potential economic growth rate is estimated at 0.7-1.3%, depending on the calculation method. Total factor productivity (i.e. knowledge, technologies, innovations) contribution has been used up.
Dialogue Chain. Episode 1. Shlomo Weber, NES President, interviews Branko Milanovic, one of the world leading experts in income inequality.
Analyses of poverty and well-being depend on the methods used to assess the social structure of society. The most suitable methods for Russia are methods applicable to developed countries – but the results of these methods show a decline in living standards.
Not so long ago, the basic principle central banks followed in their communication policy was to completely avoid communicating. Now, in the wake of a drastic change in their communication with the markets, central banks are mastering new means of communication with the public.