Economics

Finance

Bad Debts and Economic Growth

November 12, 2019 | Ksenia Yudaeva

A sound banking system, a moderate bad debt level, prompt recognition of the problem which bad debts pose and dealing with them effectively, are essential preconditions of not only financial stability and depositor protection but also of economic growth.

Opinions

Retirement Age Goes Up: Retro-analysis and a Look Forward

September 23, 2019 | Evsey Gurvich

Putting off an increase in the retirement age has cost Russia cuts in spending on development and increased pressure on the workforce. The next step is to estimate how much the budget will gain from the reform and to find the most effective way to use this money.

Opinions

Echoes of the Global Slowdown: Russia Won’t Be Watching from the Sidelines

August 15, 2019 | Dmitry Polevoy

Non-commodity exports have slumped, and their fall can no longer be offset by oil and gas. Demand for Russia’s goods is decreasing as its trade partners’ growth slows.

Finance

The Global Financial Market: Three Main Risks

August 7, 2019 | Dmitry Chernyadyev, Yulia Ushakova

The global economic slowdown is becoming a key threat to financial markets. The measures taken by central banks may prove insufficient to prevent a negative outcome.

Russia's National Priority Project in Housing: Problems and Risks

Econs

The large-scale National Priority Project in housing has the potential to cause an accelerated increase in real estate prices, household debt, and banks’ credit risks. Moreover, explosive market growth could give way to a slump when the Project comes to an end.

Opinions

Monetary Policy

How inflation targeting affects economic growth

July 1, 2019 | Philipp Kartaev

Inflation targeting might support economic growth by lowering inflation and volatility. However, monetary policy alone cannot drive growth.

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