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The Crooked Path of Central Banks

Who Killed the Phillips Curve? is the name of a paper by the US Fed's economists. The IMF, central banks and leading macroeconomists are all trying to understand what has happened to it and their interest is not theoretical at all. The answer to this question determines quite a lot, in particular, how much central banks should tighten their policy in order to curb inflation that has broken out of control.

04.10.2022
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Startup: Everything Changes and Nothing Stands Still

In a recent episode of the "Economics Out Loud" podcast, two NES graduates, Tamara Orlova, CFO at Flo Health (mobile app for women based on a menstrual cycle tracker), and Ekaterina Pranitskaya, Head of Product at Superdao (platform for start and manage decentralized autonomous organizations), talked about their personal experience. 

 

16.09.2022
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The Impact of Social Capital and Conformity on Self-Isolation Levels during Pandemic

We continue to share with our readers the most interesting, according to NES professors, graduation theses of NES students. Anastasia Khromenko from the NES-HSE Joint Bachelor of Arts in Economics Program, who had Professor Shlomo Weber as her academic adviser, talks about her research.

 

08.09.2022
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What Does the History of Defaults Teach Us?

In an episode of the “Economics Out Loud” podcast, NES Vice-Rector Maxim Bouev discussed with the podcast editor Philip Sterkin a recently announced default of Russia, which he considers a unique event. Why is the government doing the right thing by trying to pay off its debt? How has the debt structure changed over the course of history? What can be the impact of a default on the economy? Below, we share the main ideas of the episode. 

21.07.2022
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How to Analyze and Resolve Conflicts with the Help of Games?

Can game theory help in negotiations and resolution of interstate conflicts? How has regulation based on the Prisoner's Dilemma contributed to the fight against cartels in Europe? Why is it important to take into consideration future interactions for the game’s outcome? These and other questions were discussed in a recent episode of the "Economics Out Loud" podcast with NES Professor Sergei Izmalkov. GURU shares a summary of the episode.

 

08.07.2022
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How Can Language Policy Affect Economics?

In a recent episode of the “Economics Out Loud” podcast, President and Professor of the New Economic School Shlomo Weber talked about the interconnections between economics and language. How does language influence thinking? What does linguistic diversity bring? Why is economic policy important? We are sharing answers to these and other questions.

 

 

01.07.2022
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New Global Economic Architecture – What Can It Be?

In a recent episode of the “Economics Out Loud” podcast, NES Professor Konstantin Egorov and Professor of Economics at the University of California, Los Angeles Oleg Itskhoki discussed the future of the Russian economy, exchange rates, and the government’s capacity to stabilize the economy. The main takeaways follow below.

17.06.2022
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What Investing Mistakes People Make During a Crisis?

We devoted a recent episode of the "Economics Out Loud" podcast to personal finance, markets, and the approaching storm. NES graduate and professor at Michigan State University Dmitriy Muravyev talked about the future of the economy, inflation, and how an investor should behave in a crisis.

 

03.06.2022
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Should Politicians Control Civil Servants?

In his column for GURU, NES Professor Michele Valsecchi tells about his current research.

31.05.2022
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AEJ Best Paper Awards: Comment by NES Professor Gerhard Toews

American Economic Association has announced its list of the 2022 American Economic Journal Best Paper Awards. The papers are selected in four fields: Applied Economics, Economic Policy, Macroeconomics and Microeconomics. We continue to publish commentaries of the NES professors to selected papers from the list. Following is the commentary by Professor Gerhard Toews to the winning paper in economic policy “Carbon Taxes and CO2 Emissions: Sweden as a Case Study” by Julius J. Andersson. American Economic Journal: Economic Policy, Volume 11, No. 4, November 2019

06.05.2022
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AEJ Best Paper Awards: Comment by NES Professor Sergei Izmalkov

The American Economic Association has announced its list of the 2022 American Economic Journal Best Paper Awards. The papers are selected in four fields: Applied Economics, Economic Policy, Macroeconomics and Microeconomics. We publish commentaries of the NES professors to selected papers from the list. Following is the commentary of Professor Sergei Izmalkov to the winning paper in microeconomics "Is No News (Perceived As) Bad News? An Experimental Investigation of Information Disclosure" by Ginger Zhe Jin, Michael Luca, and Daniel Martin.

28.04.2022
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Why Competition Is So Weak in Digital Markets: Massimo Motta Lecture Notes

Why is the influence of Google, Apple, Facebook, Amazon and Microsoft so great? Can traditional antitrust policy deal with them? Why are users at risk? Massimo Motta, Research Professor at ICREA-Universitat Pompeu Fabra and at the Barcelona Graduate School of Economics, former Chief Competition Economist of the European Commission, explained in his lecture the key features of today's digital markets. A video of the lecture and the professor’s presentation are available here.

01.04.2022
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