Macroeconomics

Education and Economic Growth: The Role of Institutions
Opinions
Economics
Education and Economic Growth: The Role of Institutions
  |   Daria Avdeeva ,  Dmitry Veselov

Human capital and its key component – education – are strongly linked to economic growth. However, high levels of education do not guarantee economic growth if a weak institutional environment hinders efficient application of knowledge and skills.

Economic Mirror: Current Situation in Russian Labour Market
Economics
Economic Mirror: Current Situation in Russian Labour Market
  |   Irina Ryabova

The Russian labour market is gradually cooling, but high unemployment does not threaten it. The main challenge for the economy is not so much labour shortages as a lack of highly qualified specialists, analyzed the participants of the Financial Congress.

Growth, Growth Potential, and Inflation
Economics
Growth, Growth Potential, and Inflation
  |   Econs

Is it possible to ‘buy’ economic growth with high inflation, how demand ‘accumulated’ over years, what investments increase productivity, and where forecasters make a mistake: abstracts from the Financial Congress session dedicated to economic growth.

Real Estate Market and Monetary Policy: Searching for Balance
Opinions
Economics
Real Estate Market and Monetary Policy: Searching for Balance
  |   Zhanna Smirnova

Although the real estate market is a separate sector, it is characterised by what is called ‘macro-criticality’. This means that the effects of changes in the market extend beyond it and may have an impact on macroeconomic stability in general.

Russian Economy in Next Three Years: Path and Risks
Economics
Russian Economy in Next Three Years: Path and Risks
  |   Olga Volkova

Why should we expect a slowdown of the Russian economy, what traps has it fallen into, what will help curb inflation, and what are the fiscal policy risks? These issues were discussed by economists at the Financial Congress of the Bank of Russia.

Shifts on the Map
Economics
Shifts on the Map
  |   Olga Kuvshinova

The macroeconomic situation is the overall performance of the country’s regional economies. Experts at the Bank of Russia’s Financial Congress assessed which regions are benefiting and which are losing out as a result of the ongoing transformation and structural changes.

Russian Labour Market: ‘A Perfect Storm’
Economics
Russian Labour Market: ‘A Perfect Storm’
  |   Yekaterina Kravchenko

There is not a single industry in Russia in which the overhang of job vacancies is not rising. Although the renewed growth of real wages will reduce this overhang, the labour shortage may persist for many years, according to Rostislav Kapeliushnikov, a labour market expert.

The Fight for Workers: the Russian Labour Market’s Reaction to Sanctions
Economics
Opinions
The Fight for Workers: the Russian Labour Market’s Reaction to Sanctions
  |   Yekaterina Kravchenko

International sanctions have accelerated the transformation of the labour market which started during the pandemic. The market has moved from limited demand to limited supply, and this situation will persist for a long time, labor market expert Rostislav Kapeliushnikov says.

Instability Problems in Efficient Companies
Economics
Instability Problems in Efficient Companies
  |   Natalia Karlova, Elena Puzanova, Irina Bogacheva

Many Russian firms prioritise their market position over productivity growth; low competition and high entry barriers reduce their incentives for innovation. This approach extends the life of inefficient businesses whilst undermining the sustainability of efficient ones.

Income and Poverty of Highly Educated Professionals in Russia
Economics
Income and Poverty of Highly Educated Professionals in Russia
  |   Vlasta Demyanenko

One in five of Russian professionals with higher education and permanent employment are impoverished or low-income. According to the HSE, poverty among professionals, which seemed to be a thing of the past, is now returning, and the crisis may exacerbate it.

Economic Activity: Bank of Russia Index
Economics
Economic Activity: Bank of Russia Index
  |   Andrey Andreev

The index, developed by the Bank of Russia on the basis of surveys of enterprises, enables real-time assessment of the Russian economy and its sectors. It displays a high correlation with GDP, coming out in advance of it in terms of the timing of the publication of statistics.  

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