Economics

AI Premium: Wage Gap in Russian Labour Market
Opinions
AI Premium: Wage Gap in Russian Labour Market
  |   Ksenia Rozhkova ,  Sergey Roshchin ,  Yana Roshchina

Generative AI has become an important factor influencing employees’ incomes in Russia, with the AI wage premium averaging 13%. The maximum benefit goes to those who already have high incomes and high skills, which may contribute to the expansion of the wage gap.

Details Matter: How Skills Influence Economic Recovery
Opinions
Macroeconomics
Details Matter: How Skills Influence Economic Recovery
  |   Alexandra Glazova

Macroeconomic forecasts often assume shock-induced unemployment is temporary and that employment and output recover. However, the reality may be far more complicated. The loss of skills and the mismatch that arises when workers switch industries may stall a recovery for years.

Vampires, Pirates, and Interstellar Trade: Why Economists Need Fictional Worlds
Opinions
Vampires, Pirates, and Interstellar Trade: Why Economists Need Fictional Worlds
  |   Yulia Vymyatnina

The science of economics is not mere knowledge of the world but a way of knowing it. This is why fictional worlds may be legitimate areas of research which are sometimes more convenient than the real world.

Putting a Spanner in the Works: What Sludge Is and How It Impedes Optimal Decision-making
Putting a Spanner in the Works: What Sludge Is and How It Impedes Optimal Decision-making
  |   Vlasta Demyanenko

Waiting to be put on a waiting list for a visa appointment, getting 18 doctors’ opinions for free surgery, or filling a 40-page form to receive a social benefit are frictions that behavioural economics calls sludge. They are emotionally draining and also hamper economic growth.

Risks of AI Adoption for Employment in Russia
Opinions
Risks of AI Adoption for Employment in Russia
  |   Rostislav Kapeliushnikov

In Russia, around a third of the employed face a significant risk of being potentially affected by AI in their daily work. However, full automation, owing to the shift of all functions from humans to AI, threatens less than 1% of jobs.

Price Gap: Why New Builds Cost More Than Resale Properties
Opinions
Macroeconomics
Price Gap: Why New Builds Cost More Than Resale Properties
  |   Anna Litvinova, Yanina Roshchina, Olga Klachkova

The price differential between new builds and resale properties in Russia is driven by factors beyond macroeconomic conditions. What also matters is the housing market structure including the level of competition among developers and banks, and subsidised mortgage programmes.

Labour, Land and Capital in the Digital Age: Adam Smith’s Ideas – 250 Years On
Opinions
Labour, Land and Capital in the Digital Age: Adam Smith’s Ideas – 250 Years On
  |   Yaroslav Kuzminov, Ekaterina Kruchinskaya

The digital economy is transforming the classic factors of production Adam Smith described in The Wealth of Nations – the treatise that laid the foundation of economics. Two and a half centuries later, Smith’s ideas remain relevant, but new realities demand that we rethink them.

‘A Tsunami Cannot Be Banned’: Potential and Risks of AI
Finance
‘A Tsunami Cannot Be Banned’: Potential and Risks of AI
  |   Irina Ryabova

Participants in the Bank of Russia’s Financial Congress discussed the impact of the rapid development of artificial intelligence on the economy, the risks it carries, and how regulators should respond.

Digital Ruble: a Conversation about the Future
Finance
Digital Ruble: a Conversation about the Future
  |   Irina Ryabova

The large-scale introduction of the digital ruble will begin in Russia in September 2026. Participants in the Bank of Russia’s Financial Congress discussed what needs to be done to ensure that it becomes a technological platform for the development of the entire financial market.

Housing Market: Current State and Prospects
Housing Market: Current State and Prospects
  |   Arina Raksina

Participants in the Bank of Russia’s Financial Congress discussed whether the housing market in Russia is overheated, the risks of payment by instalments, and the risks faced by developers and buyers.

‘The Mystery of the Ruble Exchange Rate’: What Factors Influence the Russian Currency
Macroeconomics
‘The Mystery of the Ruble Exchange Rate’: What Factors Influence the Russian Currency
  |   Irina Ryabova

Over the past year and a half, the ruble exchange rate has strengthened despite the turbulence and volatility of the foreign exchange market. Participants in the Bank of Russia’s Financial Congress discussed the factors influencing the dynamics of the ruble exchange rate.

shown 10 of 106 materials