Publications in selected peer-reviewed journals
| Authors | Title | Journal |
|---|---|---|
| Afanasev K. | The impact of income and inflation expectations on consumption: Evidence from a laboratory experiment |
Journal
of the New Economic Association, 3(68), |
| Andreev M. | Deep consumer habits and fiscal policy shocks | Studies on Russian Economic Development, 36(1), 53–65 (2025) |
| Antosik L., Tumanyants K., Belaya A. | Labor shortage: A stimulus or a constraint on investment by Russian enterprises? | Ekonomicheskaya Politika, 20(6), 36–67 (2025) |
| Arzhenovskiy S. | The impact of household debt burden on consumption: New evidence |
Voprosy
Ekonomiki, 12, |
| Barabanova L., Arzhenovskiy S., Antosik L., Tumanyants K. | Does the shadow sector affect the profitability of organisations: A regional perspective | Financial Journal, 17 (5), 40–58 (2025) |
| Belyakov A., Kurbatskii A., Priimak I. | The relationship between the dynamics of total factor productivity and the age structure in Russian regions | Economy of Regions, 1, 116–135 (2025) |
| Bolyachin Yu., Solodovnikov S. | The impact of monetary policy on investment dynamics across industries in the Russian economy |
Voprosy Statistiki,
32(4), |
| Burova A., Deryugina E., Ivanova N., Morozov M., Turdyeva T. | Transmission to a low-carbon economy and its implications for financial stability in Russia | Emerging Markets Review, 66, 101345 (2025) |
| Darovskii I. | Labor market responses to shocks in the Russian economy |
Voprosy
Ekonomiki, 11, |
| Drobyshevsky S., Perevyshin Yu., Sinelnikov-Murylev S., Trunin P. | Reasons for accelerating inflation in the Russian economy |
Voprosy
Ekonomiki, 1, |
| Eliseev A. | Nowcasting Russian GDP in a mixed-frequency DSGE model with a panel of non-modelled variables |
Russian
Journal of Money and Finance, 84(3), |
| Festa Y., Penikas H. | Confidence intervals for the model performance metrics under the imbalanced classification: Evaluating SMOTE’s impact on metrics’ reliability | Model Assisted Statistics and Applications, 20(3), 208–219 (2025) |
| Finagin M., Inogamova V., Gracheva A. | Monetary conditions tightness indices for Russia |
Voprosy
Ekonomiki, 9, |
| Gabov M., Bukina T., Kashin D. | Comparative analysis of regional inflation forecasting models. |
Journal
of the New Economic Association, 4, |
| Gornostaev D., Makhankova N., Milyutin P., Ponomarenko A., Seleznev S. | Reconstruction the publication history of Russian’s GDP and its components | HSE Economic Journal, 2, 279–305 (2025) |
| Grishchenko V., Gasanova D., Fomin E. | Visible prices and their influence on inflation expectations of Russian households | Structural Change and Economic Dynamics, 74, 107–115 (2025) |
| Grishchenko V., Mihailov A., Tkachev V. | The money multiplier and competing theories of money creation: empirical validation for Russia | Cambridge Journal of Economics, 49(2), 343–383 (2025) |
| Gurov I., Yelitsur D., Zuev V., Krotova Y., Ostrovskaya E., Penikas H. | Determinants of the inflation expectations’ uncertainty based on the all-Russian survey | Voprosy Ekonomiki, 6, 63–93 (2025) |
| Ivanova N., Popova S., Styrin K. | Bank market power and monetary policy transmission: Evidence from loan-level data | Emerging Markets Review, 66, 101280 (2025) |
| Ivanova N., Styrin K. | The effect of US monetary policy on Russian banks in a low-interest rate environment | Emerging Markets Review, 65, 101232 (2025) |
| Kolyadenko P., Perevyshin Yu. | Fiscal policy shocks and inflation in Russia |
Ekonomicheskaya
Politika, 5, |
| Koshkin A., Krylov D. | Data from monitoring enterprises of the Bank of Russia as a factor in increasing the accuracy of inflation forecasts |
St.
Petersburg University Journal of Economic Studies, 41(3), |
| Koval P., Polbin A., Sinelnikov-Murylev S. | Estimation of household heterogeneous propensity to consume in the Russian Federation based on latent class model |
Post-Communist
Economies, 37(7), |
| Kryachko I., Penikas H. | Identifying commodity groups at the intermediate level of aggregation to preserve maximum granularity in the output and trade data | Voprosy Ekonomiki, 7, 113–121 (2025) |
| Kryachko I., Penikas H. | U.S. foreign trade policy: Effects of tariff increases on prices and output in the global economy |
Russian Journal
of Economics, 11(3), |
| Kryzhanovskiy O., Mogilat A., Shuvalova Zh., Gvozdev D. | Using LSTM neural networks for nowcasting and forecasting GVA of industrial sectors |
Russian
Journal of Money and Finance, 1, |
| Lymar M., Penikas H. | Effectiveness of the micro- and macroprudential measures in 2014–22 in Russia | Russian Journal of Economics, 11(2), 168–196 (2025) |
| Lysenko G. | Macroeconomic factors of housing prices in Russia |
Voprosy
Ekonomiki, 1, |
| Matevosova A. | Modelling trust in the Central Bank using sentiment analysis |
Russian
Journal of Money and Finance, 1, |
| Metel Yu., Kunitsyna N. | Assessment of the impact of media news backgrounds on inflation in Russia | Vestnik Moskovskogo Universiteta. Seriya 10. Zhurnalistika, 2, 3–32 (2025) |
| Nechitailo V., Penikas H. | Agent-based modeling to benchmark macroprudential limits vs RW add-ons | Model Assisted Statistics and Applications, 20(1), 63–73 (2025) |
| Panteeva S., Arzhenovskiy S. Tumanyants K. | Semi-structural model of economy of the southern macroregion of Russia | Russian Journal of Money and Finance, 84(2), 65–88 (2025) |
| Penikas H. | Limited efficiency of G-SIB capital regulation in curbing brown lending | International Review of Financial Analysis, 105, 104320 (2025) |
| Penikas H. | A minimum sample size definition for the purpose of loss provision extrapolation in the presence of default correlation | Journal of Credit Risk, 21(3), 1–25 |
| Penikas H. | Evaluating the effectiveness of the Basel III G-SIB capital cuffer regulation: experience from the 12 years of a quasi-natural experiment | Quarterly Journal of Finance, 15(2), 2540004 (2025) |
| Penikas H., Stefanenko V. | Intermediate effects on loan rates from the transition to a partner financing model: evidence from a triple differences estimation | HSE Economic Journal, 2, 214–247 (2025) |
| Polbin A., Shumilov A. | Nowcasting and forecasting Russian GDP and its components using quantile models |
Applied Econometrics,
79, |
| Polekhina A., Guseva A. | How the Bank of Russia is perceived on Telegram channels: Building an index using machine learning methods. | Russian Journal of Money and Finance, 84(3), 28–62 (2025) |
| Pustovalova A., Magzhanov T., Mirzoyan A. | Econometric estimation of the monetary policy effect on the debt burden at the industry level in Russia |
Russian
Journal of Money and Finance, 4, |
| Shulgin A., Novak A., Vikharev P. | DSGE-model with three groups of households |
Journal
of the New Economic Associatoin, 3(68), |
| Simanovskiy A. | Controversial issues of prudential banking regulation |
Voprosy
Ekonomiki, 7, |
| Sinyakov A., Shelovanova T. | Demand for consumer loans in Russia: How strong is the interest rate channel of monetary policy? | Russian Journal of Economics, 11(1), 47–75 (2025) |
| Starichkov M. | Using wavelets to analyse the dynamics of inflation processes |
Russian
Journal of Money and Finance, 1, |
| Tereshchenko D., Shcherbakov V. | Regional inflation and the age structure of the population: a view through the prism of a space-time approach |
Voprosy
Ekonomiki, 4, |
| Vasilyeva G., Tatarinov A., Ivanov R. | A detailed presentation of the households sector in the SNA: microdata usage opportunities |
Voprosy Statistiki, 32(1), |
| Vinogradova O., Bannikova V., Penikas H. | Support measures as an additional driver of the market value of domestic banks | Voprosy Ekonomiki, 9, 103–125 (2025) |
| Zverev I., Kislyak N. | Estimating the output gap of the Russian economy: A multivariate approach based on BVAR and Beverige-Nelson filter |
Russian
Journal of Money and Finance, 84(4), |
| Zvereva V. | Monetary policy transmission mechanism: The role of household heterogeneity and spatial effects |
Russian
Journal of Money and Finance, 3, |
| Authors | Title | Journal |
|---|---|---|
| Andreev A., Grishchenko V., Lymar M., Orlov D., Shubin I. | Factors in the Formation of Inflation Expectations as Recorded in the Russian National Survey of Consumer Finance | Economic Policy, 19(5), pp. |
| Andreev M., Peiris M., Shirobokov A., Tsomocos D. | Commodity cycles and financial instability in emerging economies | Annals of Finance, 20, pp. |
| Anikeev K. | The Heterogeneous Banking System Under a Negative Interest Rate Policy | Russian Journal of Money and Finance, 83(2), pp. |
| Arzhenovskiy S. | Forecasting GDP Dynamics Based on the Bank of Russia’s Enterprise Monitoring Data | Financial Journal, 16(1), pp. |
| Arzhenovskiy S. | Statistical Analysis of Ineqality and Poverty with Under-Reporting Incomes of Russian Households | Voprosy statistiki, 31(2), pp. |
| Arzhenovskiy S., Panteeva S. | Household savings through the prism of behavioral characteristics | Applied Econometrics, 75, pp. |
| Bessonova E., Gonchar K. | How regional courts in Russia affected multinational decisions on affiliate size, entry and organization | Applied Econometrics, 74, pp. |
| Bobrovskaya E., Polbin A., Fokin N. | Hedonic Price Indices for Moscow Short-Term Rental Housing | Russian Journal of Money and Finance, 83(1), pp. |
| Burova A., Ponomarenko A., Reentovich A. | External Adjustment in Commodity Exporting Economies During Energy Price Downturns | The International Trade Journal, 38 (6), pp. |
| Deryugina E., Leonidov A., Ponomarenko A. A., Radionov S., Vasilieva E. | Network structure of the economy and the propagation of monetary shocks: The case of Russia | Structural Change and Economic Dynamics, 71, pp. |
| Emre Çekin S., Ivashchenko S., Gupta R., Chien-Chiang Lee | Real-time forecast of DSGE models with time-varying volatility in GARCH form | International Review of Financial Analysis, 93(C) (2024) |
| Finagin M., Sheremeta S. | Forecasting Non-Oil&Gas Revenues in the Russian Budget | Russian Journal of Money and Finance, 83(4), pp. |
| Grishchenko V., Ponomarenko A., Seleznev S. | A feasible approach to projecting household demand for the digital ruble in Russia | Borsa Istanbul Review, 24 (4), pp. |
| Inozemtsev E., Krotova Yu. | Phillips curve with spatial effects based on Russian regional data | Journal of the New Economic Association, 63(2), pp. |
| Katrosha D. | The influence of regional factors on inflation: a case study of the Murmansk region | Journal “Sever i Rynok: Formirovanie Ekonomiceskogo Poradka” [The North and the Market: Forming the Economic Order], 4, pp. |
| Kirichenko P., Arzhenovskiy S. | Building a Rating of Russian Regions According to their Level of Financial Market Development | Economy of Regions, 20(4), pp. |
| Kotlikoff L., Kubler F., Polbin A., Scheidegger S. | Can today’s and tomorrow’s world uniformly gain from carbon taxation? | European Economic Review, 168, 104819 (2024) |
| Kramkov V., Maksimov A. | Monetary surprises and term structure of interest rates: Identification through heteroscedasticity | Applied Econometrics, 74 (2), pp. |
| Kunitsyna N., Metel Y. | Modeling the influence of social factors on the dynamics of gray wages | Vestnik Sankt-Peterburgskogo Universiteta. Ekonomika, 40(3), pp. |
| Lepekhin O. | Convergence of Regional Food Inflation in Russia | Russian Journal of Money and Finance, 83(3), pp. |
| Lyakhnova M., Kolenko Y. | Nowcasting the Output Gap in Russia Using Enterprise Monitoring Data | Russian Journal of Money and Finance, 83(2), pp. |
| Lymar M., Reentovich A., Sinyakov A. | A commodity exporting economy under financial and trade restrictions: Aggregate and structural changes. | Russian Journal of Economics, 10(2), pp. |
| Meshcheryakov A., Sukhomlinov A. | Considerations regarding inflation target levels | Journal of the New Economic Association, 62(1), pp. |
| Mogilat A., Kryzhanovskiy O., Shuvalova Zh., Murashov Y. | DYFARUS: Dynamic Factor Model to Forecast GDP by Output Using Input-Output Tables | Russian Journal of Money and Finance, 83(2), pp. |
| Penikas H. | Theoretical model of macroprudential add-ons to risk-weights for foreign-currency denominated loans | Voprosy Ekonomiki, 12, pp. |
| Penikas H. I., Vasilyeva Е. | Redefining the degree of industry greenness using input—output tables | International Review of Economics and Finance, 89(A), |
| Penikas H., Stefanenko V. | Reform of capital adequacy regulation in the world Islamic banking market | Voprosy Ekonomiki, 8, pp. |
| Savchenko I., Butakova M., Markov L., Lyakhnova M., Erushina O., Gartvich R., Yakovina M., Shcherbakov V. | Quarterly Projection Model for the Siberian Macroregion | Russian Journal of Money and Finance, 83(4), pp. |
| Shcherbakov V., Karpov I. | Regional Inflation Analysis Using Social Network Data | Economy of Regions, 20(3), pp. |
| Simanovskiy A.Y. | The concept of banking capital risk-sensitivity revisited | Voprosy Ekonomiki, 3, |
| Zvereva V., Demidova O., Korshunov D., Myasnikov A. | Impact of Intraregional Income Inequality on the Operation of the Bank of Russia’s Monetary Policy Transmission Mechanism | Russian Journal of Money and Finance, 83(1), pp. |
| Authors | Title | Journal |
|---|---|---|
| Andreyev M.Y., Polbin A.V. | Macroeconomic effects of the expected future decline in oil revenues for the Russian economy under capital control. | Voprosy Ekonomiki. 2023; (4):5-28. (In Russ.) |
| Arzhenovsky S.V. | Inflation and income inequality: Relationship research in the regional aspect. | Voprosy Ekonomiki. 2023;(4):151-160. |
| Arzhenovsky S.V. | Estimate of shadow economy dynamics in Russia and regions: the inflationary aspect | Applied Econometrics,
2023, v. 69, pp. |
| Bedin A., Kulikov A., Polbin A. | Copula-Based Modelling of Relationship Between Dollar/Rouble Exchange Rate and Oil Prices | Russian Journal of Money
and Finance, 82(3), pp. |
| Bessonova E.V., Tsvetkova A.N. | Russian households’ finances during the pandemic. | Voprosy Ekonomiki. 2023; (8):123-146. (In Russ.) |
| Eliseev A., Novak A., Shulgin A. | Long-Term Exchange Rate Pass-Through to Prices | Russian Journal of Money
and Finance, 82(2), pp. |
| Moiseev S.R. | The house that Keynes built: Redecorating and overhaul of the monetary policy model | Voprosy Ekonomiki,
2023-07-10| journal article, pages |
| Moiseev S.R. | Monetary aggregation: Concept, critics and modern alternatives | Voprosy Ekonomiki,
2023-01-03| journal article, pages |
| Penikas H. | Smoothing the Key Rate Pass-Through: What to Keep in Mind When Interpreting Econometric Estimates | Russian Journal of Money
and Finance, 82(3), pp. |
| Penikas H. I., Vasilyeva Е. | Measuring climate-credit risk relationship using world input-output tables | Russian Journal
of Economics, 9(1), |
| Penikas H.I. | Retail loan pricing determinants in Russia. | Voprosy Ekonomiki. 2023; (6):36-61. (In Russ.) |
| Penikas, H. | Unaccounted model risk for Basel IRB models deemed acceptable by conventional validation criteria | Risk Management, 25
(4), |
| Penikas, H. | Non-compliance to Benford distribution as the portfolio default rate determinant in online retail lending | Model Assisted
Statistics and Applications, 18(2), |
| Penikas, H. | IRB Asset and Default Correlation: Rationale for the Macroprudential Mark-Ups to the IRB Risk-Weights | Risk Management,
25(1), |
| Penikas, H., Skarednova, A., Surkov, M. | How do Investors Prefer for Banks to Transition to Basel Internal Models: Mandatorily or Voluntarily? | Quarterly Journal of Finance, 2340002 (2023) |
| Petaykina A. | Estimation of Sensitivity of Russian Household Consumption to Permanent and Transitory Income Shocks Using Kalman Filter | Russian Journal of Money
and Finance, 82(3), pp. |
| Ponomarenko A. | National Currencies in International Settlements: Main Mechanisms | Russian Journal of Money
and Finance, 82(3), pp. |
| Ponomarenko, A., Tatarintsev, S. | Incorporating financial development indicators into early warning systems. | The Journal of Economic Asymmetries, 27(2023) |
| Ryzhikova T., Skuratova A. | Bank of Russia Monetary Policy and Household Consumption Expenditure | Russian Journal of Money
and Finance, 82(1), pp. |
| Semiturkin O., Shevelev A. | Correct Comparison of Predictive Features of Machine Learning Models: The Case of Forecasting Inflation Rates in Siberia | Russian Journal of Money
and Finance, 82(1), pp. |
| Tumanyants K., Arzhenovskiy S., Arkova O., Monastyryov M., Pichulina, I. | Inequality and Economic Growth in Russia: Econometric Analysis | Russian Journal of Money
and Finance, 82(2), pp. |
| Authors | Title | Journal |
|---|---|---|
| Andreyev M., Polbin A. | Monetary Policy for a Resource-Rich Economy and the Zero Lower Bound | Economic policy. 2022.
17, № 3, p. |
| Bessonova E., Gonchar K. | Can the Growth of Competitive Pressure and Hardening of Budget Constraints Reduce the Efficiency Loss due to State Ownership? | Russian Journal of Money
and Finance, 81(3), pp. |
| Bessonova, E. | Firms’ efficiency, exits and government procurement contracts | European Journal of Political Economy. 102253 (2022). |
| Burova A. | Measuring the Debt Service Ratio in Russia: A Micro-Level Data Approach | Russian Journal of Money
and Finance, 81(3), pp. |
| Burova, A., Ponomarenko, A., Popova, S., Sinyakov, A., & Ushakova, Y. | Measuring Heterogeneity in Banks’ Interest Rate Setting in Russia | Emerging Markets Finance
and Trade 58(14), |
| Deryugina, E., Guseva, M., Ponomarenko, A. | The Credit Cycle and Measurement of the Natural Rate of Interest | Journal of Central
Banking Theory and Practice, 1, pp. |
| Gornostaev D., Ponomarenko A., Seleznev S., Sterkhova A. | A Real-Time Historical Database of Macroeconomic Indicators for Russia | Russian Journal of Money
and Finance, 81(1), pp. |
| Ivashchenko S. | Dynamic Stochastic General Equilibrium Model with Multiple Trends and Structural Breaks | Russian Journal of Money
and Finance, 81(1), pp. |
| Khabibullin, R., & Ponomarenko, A. | An empirical behavioral model of household’s deposit dollarization | Journal of Economic
Interaction and Coordination 17, |
| Kozlovtceva, I., Penikas, H., Petreneva, E., & Ushakova, Y. | Macroprudential policy efficiency in Russia: Assessment for the uncollateralized consumer loans | Emerging Markets Review, 100910 (2022) |
| Kryzhanovsky O., Zykov A. | DEMUR: A Regional Semi-Structural Model of the Ural Macroregion | Russian Journal of Money
and Finance, 81(4), pp. |
| Nelyubina A. | Monetary Policy Impact on Income Inequality in the Russian Regions | Russian Journal of Money
and Finance, 81(2), pp. |
| Penikas H. | Pass-Through of the Bank of Russia Key Rate into Deposit Rates Between 2020 and 2022 | Russian Journal of Money
and Finance, 81(2), pp. |
| Penikas H. | PD-LGD Correlation for the Banking Lending Segment: Empirical Evidence from Russia | Model Assisted
Statistics and Applications, 17(1). P. |
| Penikas H., Skarednova A., Surkov M., Festa Y. | Automation of the Approach to Replicating Data When the Control Group Is Depleted in The Difference-In-Differences Method: Application to IRB Implementation Data Samples | Procedia Computer
Science. 199, pp. |
| Simanovskiy A.Y. | Risks. Senses. Capital. On the concept of banking capital risk-sensitivity | Voprosy Ekonomiki,
6, |
| Zhemkov M. | Assessment of Monthly GDP Growth Using Temporal Disaggregation Methods | Russian Journal of Money
and Finance, 81(2), pp. |
| Authors | Job title | Publication |
|---|---|---|
| Bessonova E. & Tsvetkova A. | Do productivity laggards ever catch up with leaders? | Review of Income and Wealth, https://doi.org/10.1111/roiw.12539 |
| Borzykh, D., & Penikas, H. | IRB PD model accuracy validation in the presence of default correlation: a twin confidence interval approach. | Risk Management,
23, |
| Burova A., Penikas H., Popova S. | Probability of Default Model to Estimate Ex Ante Credit Risk | Russian Journal of Money
and Finance, 80(3), pp. |
| Burova, A., Kozlovtseva, I., Makhankova, N., Morozov, A. | Dollarization, Financial Stability Risks and Monetary Policy Implementation: Exploring the Nexus | Ensayos Económicos,
1(77), |
| Bush, G., Gómez, T., Jara, A., Moreno, D., Styrin, K., & Ushakova, Y. | Macroprudential policy and the inward transmission of monetary policy: The case of Chile, Mexico, and Russia. | Review of International
Economics, 29(1), |
| Deryugina, E., & Ponomarenko, A. | Explaining the lead—lag pattern in the money—inflation relationship: a microsimulation approach. | Journal of Evolutionary
Economics, 31, |
| Evstigneeva A., Sidorovskiy M. | Assessment of Clarity of Bank of Russia Monetary Policy Communication by Neural Network Approach | Russian Journal of Money
and Finance, 80(3), pp. |
| Merika A., Negkakis I., Penikas H. | Stress-Testing and Credit Risk Revisited: A Shipping Sector Application | International Journal
of Banking, Accounting and Finance, 4(12), |
| Miroshnichenko D. | Impact of Bank of Russia Macroprudential Policy on Risk Exposure of Banks’ Consumer Loan Portfolios | Russian Journal of Money
and Finance, 80(3), pp. |
| Moiseev S.R. | Uncharted waters: Investors get access to foreign exchange-traded funds | Voprosy Ekonomiki,
11, |
| Nechitaylo V., Penikas H. | Benchmarking Banking Regulation Regimes: Application for the CBDC | Model Assisted
Statistics and Applications, 4(16), |
| Nelyubina A. | Forecasting Regional Indicators Based on the Quarterly Projection Model | Russian Journal of Money
and Finance, 80(2), pp. |
| Penikas, H. | Money multiplier under Basel capital ratio regulation: implications for counter-COVID-19 stimulus. | Journal of Sustainable Finance & Investment https://doi.org/10.1080/20430795.2021.1945348 |
| Ponomarenko, A. | Money creation and banks’ interest rate setting. | Journal of Financial Economic Policy https://doi.org/10.1108/JFEP-10-2020-0214 |
| Porshakov A., Turdyeva N., Chernyadyev D., Tsvetkova A., Movsesyan L. | Data of Sectoral Financial Flows as a High-Frequency Indicator of Economic Activity | Russian Journal of Money
and Finance, 80(2), pp. |
| Shevelev A., Kvaktun M., Virovets K. | Effect of Monetary Policy on Investment in Russian Regions | Russian Journal of Money
and Finance, 80(4), pp. |
| Shulgin A., Napalkov V., Novak A. | Variations in the Effects of a Single Monetary Policy: The Case of Russian Regions | Russian Journal of Money
and Finance, 80(1), pp. |
| Zhemkov, M. | Nowcasting Russian GDP using forecast combination approach | International Economics,
2021, 168, |
| Authors | Job title | Publication |
|---|---|---|
| Deryugina E, Ponomarenko A | Disinflation and Reliability of Underlying Inflation Measures | Central European Journal of Economic Modelling and Econometrics. 2020, 12(1):91-111 |
| Deryugina, E., Ponomarenko, A. and Rozhkova, A | When are credit gap estimates reliable? | Economic Analysis and Policy, 2020, 67, pp.221-238 |
| Ermolova, M., Leonidov, A., Nechitailo, V., Penikas, H., Pilnik, N., Serebryannikova, E. | Agent-based model of the Russian banking system: Calibration for maturity, interest rate spread, credit risk, and capital regulation | Journal of Simulation, 2020. https://doi.org/10.1080/17477778.2020.1774430 |
| Karlova N.A., Puzanova E.V., Bogacheva I.V., and Morozov A.G. | How are inflation expectations of enterprises formed: survey results | Studies on Russian Economic Development, 2020, Vol. 31, No. 5, pp. |
| Khabibullin, R., Ponomarenko, A. and Seleznev, S. | Forecasting the implications of foreign exchange reserve accumulation with a microsimulation model | Journal of Simulation, 2020. https://doi.org/10.1080/17477778.2020.1813641 |
| Kiselev A., Zhivaykina A., | The role of global relative price changes in international comovement of inflation | The Journal of Economic Asymmetries, 2020, vol. 22(C) |
| Kozlovtceva, I., Ponomarenko, A., Sinyakov, A. and Tatarintsev, S. | A case for leaning against the wind in a commodity-exporting economy | International Economics, 2020, 164, pp.86-114 |
| Merikas A., Merika A., Penikas H. I., Surkov M. | The Basel II Internal Ratings Based (IRB) Model and the Transition Impact on the Listed Greek Banks. | The Journal of Economic Asymmetries. 2020. Vol.22. No e00183. doi:/10.1016/j.jeca.2020.e00183 |
| Moiseev S.R. | The “black box” of the interest rate channel of monetary policy | Voprosy Ekonomiki, 9, |
| Moiseev S.R. | Consequences of interest rates benchmarks reform | Voprosy Ekonomiki, 1, |
| Penikas H. | Low Default Portfolios in Basel II and Basel III as a Special Case of Significantly Unbalanced Classes in Binary Choice Models | Russian Journal of Money and Finance, 79(2), pp. |
| Penikas H. | History of the World Largest Credit Risk Losses in |
The HSE Economic Journal, 2020, vol. 24(1), pages |
| Penikas H. | History of the Basel Internal-Ratings-Based (IRB) Credit Risk Regulation, Model Assisted | Model Assisted Statistics and Applications, 2020, vol. 15(1), pages |
| Penikas H. | The Review of the Open Challenges in the IRB Loan Portfolio Credit Risk Modeling | Model Assisted Statistics and Applications, 2020, vol. 18(4), pages |
| Ponomarenko A. | A note on observational equivalence of micro assumptions on macro level. | Economics-The Open-Access, Open-Assessment E-Journal, 2020, 14, pp.1-15 |
| Ponomarenko A., Sinyakov A., Turdyeva N., Popova S., Chernyadyev D. | Assessing the Consequences of the Pandemic for the Russian Economy Through an Input-Output Model | Russian Journal of Money and Finance, 79 (4), pp. |
| Styrin K., Khotulev I. | Optimal Monetary and Macroprudential Policies for Financial Stability in a Commodity-Exporting Economy | Russian Journal of Money and Finance, 79(2), pp. |
| Styrin K., Ushakova Y. | IBRN Initiative on Interactions of Monetary and Prudential Policies | Russian Journal of Money and Finance, 79(3), pp. |
| Turdyeva N. | Effects of Terms of Trade Shocks on the Russian Economy | Russian Journal of Money and Finance, 79(2), pp. |
| Authors | Job Title | Publication |
|---|---|---|
| Andreev M., Peiris U., Shirobokov A., Tsomocos D. | Macroprudential Policy and Financial (In)Stability Analysis in the Russian Federation | Russian Journal of Money and Finance, 78(3), pp. |
| Bessonova E., Gonchar K. | How the innovation-competition link is shaped by technology distance in a high-barrier catch-up economy | Technovation, Volumes |
| Deryugina E., Ponomarenko A. | Determination of the Current Phase of the Credit Cycle in Emerging Markets | Russian Journal of Money and Finance, 78(2), pp. |
| Fokin N., Polbin A. | Forecasting Russia's Key Macroeconomic Indicators with the VAR-LASSO Model | Russian Journal of Money and Finance, 78(2), pp. |
| Lipin A., Knobel A., Malokostov A., Tarr D., Turdyeva N. | Deep Integration in the Eurasian Economic Union: What are the Benefits of Successful Implementation or Wider Liberalization? | Eurasian Geography and Economics 60(2), |
| Moiseev S.R. | Hype around (non)monetary (non)theory | Voprosy Ekonomiki, 9, |
| Ponomarenko A. | Do sterilized foreign exchange interventions create money? | Journal of Asian Economics, 2019, vol. 62(C), pages |
| Sinyakov A., Porshakov A. | Estimates of the Equilibrium Interest Rate for Russia: Is ‘Navigating by the Stars’ Useful? | Russian Journal of Money and Finance, 78(4), pp. |
| Styrin K. | Forecasting Inflation in Russia Using Dynamic Model Averaging | Russian Journal of Money and Finance, 78(1), pp. |
| Authors | Job Title | Publication |
|---|---|---|
| Deryugina, E., N. Karlova, A. Ponomarenko.and A. Tsvetkova | The role of regional and sectoral factors in Russian inflation developments | Economic Сhange and Restructuring. 2018, https://doi.org/10.1007/s10644-018-9232-y |
| Kreptsev D., Seleznev S. | Forecasting for the Russian Economy Using Small-Scale DSGE Models | Russian Journal of Money and Finance, 77(2), pp. |
| Moiseev S.R. | The behavioral economics of monetary policy | Voprosy Ekonomiki, 5, |
| Moiseev S.R. | Monetarism’s „renaissance”: How the well-known theorylived in |
Voprosy Ekonomiki, 1, |
| Morozov A. | Reflections on Reflections from the Russia’s Mirror | Russian Journal of Money and Finance, 77(1), pp. |
| Ponomarenko A., Sinyakov A. | Impact of Banking Supervision on Banking System Structure: Conclusion from Agent-Based Modelling | Russian Journal of Money and Finance, 77(1), pp. |
| Ponomarenko, A. A. and A. N. Ponomarenko | What do aggregate saving rates (not) show? | Economics: The Open-Access, Open-Assessment E-Journal, 12 |
| Shulgin A. | Sterilized Interventions in the Form of Foreign Currency Repos: VECM Analysis Using Russian Data | Russian Journal of Money and Finance, 77(2), pp. |
| Simanovskiy A.Y. | On the issue of crypto‑currency economic nature | Voprosy Ekonomiki, 9, |
| Styrin K. | A Multi-Country Study of Cross-Border Transmission of Monetary Policy by IBRN | Russian Journal of Money and Finance, 77(2), pp. |
| Ushakova Y., Kruglova A. | Competition in Russia’s Banking Sector Prior and After Supervision Police Enhancement: Conclusions Based on Interest Rate Dispersion and Spread | Russian Journal of Money and Finance, 77(2), pp. |
| Vlasov S., Deryugina E. | Fiscal Multipliers in Russia | Journal of the New economic Association, No. 2(38), P. |
| Yudaeva K. | Frontiers of Monetary Policy: Global Trends and Russian Inflation Targeting Practices | Russian Journal of Money and Finance, v. 77(2), pp. |
| Authors | Job Title | Publication |
|---|---|---|
| Deryugina, E., Ponomarenko, A., Sinyakov, A. and C. Sorokin | Evaluating underlying inflation measures for Russia. | Macroeconomics and Finance in Emerging Market Economies DOI: 10.1080/17520843.2017.1301511 |
| Moiseev S.R. | The odyssey of inflation targeting: To new challenges of monetary policy | Voprosy Ekonomiki, 10, |
| Moiseev S.R. | Private central banks | Voprosy Ekonomiki, 7, |
| Ponomarenko, A. | A note on money creation in emerging market economies | Journal of Financial Economic Policy 9(1) |
| Popova S., Karlova N., Ponomarenko A., Deryugina E. | Analysis of the debt burden in Russian economy sectors | Russian Journal of Economics, 3(4), pp.379-410 |
| Authors | Job Title | Publication |
|---|---|---|
| Deryugina, E., Ponomarenko, A. | Money-based underlying inflation measure for Russia: a structural dynamic factor model approach | Empirical Economics DOI 10.1007/s00181-016-1125-1 |
| Krupkina, A., Ponomarenko, A. | Deposit dollarization in emerging markets: modeling the hysteresis effect | Journal of Economics and Finance DOI 10.1007/s12197-016-9379-1 |
| Mamedli, M. O. | Analysis of Government Expenditure Multiplier Under Zero Lower Bound: The Role of Public Investment | The Journal of Economic Asymmetries, Volume 14, Nov. 2016, pp. 103— 111 |
| Moiseev S.R. | Adventures of the optimum currency areas theory | Voprosy Ekonomiki, 2, |
| Moiseev S.R., Pantina I.V. | Real exchange rate targeting | Voprosy Ekonomiki, 5, |
| Sokolov V. | Machinery-Building Clusters and Transnational Corporations | World Eсonomy and International Relations, 60(8), |
| Authors | Job Title | Publication |
|---|---|---|
| Deryugina, E. Ponomarenko A. | Accounting for Post-Crisis Macroeconomic Developments in Russia: A Large Bayesian Vector Autoregression Model Approach | Emerging Markets Finance and Trade, 51(6), 1261 — 1275 (2015) |
| Krupkina A., Deryugina E., Ponomarenko A. | Estimating sustainable output growth in emerging market economies | Comparative Economic Studies, 57(1), |
| Authors | Job Title | Publication |
|---|---|---|
| Ponomarenko A., Vasilieva E., Schobert F. | Feedback to the ECB’s monetary analysis: the Bank of Russia’s experience with some key tools | Journal of Banking and Financial Economics 2(2), |
| Yudaeva K.V. | On the Opportunities, Targets and Mechanisms of Monetary Policy under the Current Conditions | Voprosy Ekonomiki, 9, |
| Authors | Job Title | Publication |
|---|---|---|
| Ponomarenko A. | Early warning indicators for asset price boom/bust cycles in emerging markets | Emerging Markets Review 15, |
| Ponomarenko A., Solovyeva A., Vasilieva E. | Financial dollarization in Russia: causes and consequences | Macroeconomics and Finance in Emerging Market Economies, 6:2, |
| Authors | Job Title | Publication |
|---|---|---|
| Ivanova N.S., Yudaeva K.V. | Russian Banks: How to Cope With Dead Calm | Journal of the New Economic Association, 5(5), |
| Yudaeva K.V. | On the Exchange Rate Policy | Voprosy Ekonomiki, 1, |
| Authors | Title | Journal |
|---|---|---|
| Gref F.O., Yudaeva K.V. | Russian Banking System under Conditions of Global Crisis | Voprosy Ekonomiki, 7, |
| Yudaeva K., Godunova M. | Lessons of Crisis for Russia: Macroeconomic Policy | Ekonomicheskaya Politika, 6, |
| Yudaeva K., Godunova M., Kozlov K., Ivanova N. | Exit strategies from the banking crisis: international experience | Ekonomicheskaya Politika, 3, |
| Yudaeva K.V., Kozlov K.K. | Factors behind the Worldwide Declines in GDP and Industrial Output under the Crisis of 2008 | Journal of the New Economic Association, |
| Yudaeva K., Raskosnov M., Krachilov A. | Recapitalization of bank sector | Ekonomicheskaya Politika, 4, |
| Authors | Title | Journal |
|---|---|---|
| Ulyukaev A.V., Danilova E.O. | Russian Banking Sector under World Financial Market Uncertainty: Problems and Prospects | Voprosy Ekonomiki, 3, |
| Yudaeva K.V., Yasin Y.G. | Strategy-2050: Can Russia Deal with Challenges of Globalization? | Voprosy Ekonomiki, 5, |
| Authors | Title | Journal |
|---|---|---|
| Goriaev A.P., Zabotkin A.B. | Risks of investing in the Russian stock market: Lessons of the first decade | Emerging Markets Review, 7(4), |
| Volchkova N.A., Lobanov S.N., Turdyeva N.A., Khaleeva J.V., Yudaeva K.V. | Microsimulation Analysis of the Consequences of Monetization of Social Benefits in Russia | Applied Econometrics, 4(4), |
| Authors | Title | Journal |
|---|---|---|
| Kozlov K.K., Sokolov D.G., Yudaeva K. V. | Innovation Activities of Russian Enterprises | Higher School of Economics Economic Journal, 8(3), |
| Authors | Title | Journal |
|---|---|---|
| Yudaeva K.V., Kozlov K. K., Melentieva N., Ponomareva N. | Does foreign ownership matter? | The Economics of Transition, 11(3), |
Department responsible for publication: Research and Forecasting Department
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Last updated on: 05.02.2026