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Publications in selected peer-reviewed journals

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, 282–300 (2021).
Burova, A., Kozlovtseva, I., Makhankova, N., Morozov, A. Dollarization, Financial Stability Risks and Monetary Policy Implementation: Exploring the Nexus Ensayos Económicos, 1(77), 50-71 (2021)
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), 37-60 (2021).
Deryugina, E., & Ponomarenko, A. Explaining the lead—lag pattern in the money—inflation relationship: a microsimulation approach. Journal of Evolutionary Economics, 31, 1113–1128 (2021)
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), 347-367 (2021)
Nechitaylo V., Penikas H. Benchmarking Banking Regulation Regimes: Application for the CBDC Model Assisted Statistics and Applications, 4(16), 261-272 (2021)
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
Zhemkov, M. Nowcasting Russian GDP using forecast combination approach International Economics, 2021, 168, 10-24
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. 522-532
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©
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
Penikas H. History of the World Largest Credit Risk Losses in 1972–2018 Экономический журнал ВШЭ, 2020, vol. 24(1), pages 9-27
Penikas H. History of the Basel Internal-Ratings-Based (IRB) Credit Risk Regulation, Model Assisted Statistics and Applications, 2020, vol. 15(1), pages 81-98
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 1-18
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
Authors Job Title Publication
Bessonova E., Gonchar K. How the innovation-competition link is shaped by technology distance in a high-barrier catch-up economy Technovation, Volumes 86–87, 2019, P. 15-32, ISSN 0166-4972, https://doi.org/10.1016/j.technovation.2019.01.002

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), 177-210, 2019
Ponomarenko A. Do sterilized foreign exchange interventions create money? Journal of Asian Economics, 2019, vol. 62©, pages 1-16
Authors Job Title Publication
Vlasov S., Deryugina E. Fiscal Multipliers in Russia Journal of the New economic Association, No. 2(38), P. 83-95
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
Ponomarenko, A. A. and A. N. Ponomarenko What do aggregate saving rates (not) show? Economics: The Open-Access, Open-Assessment E-Journal, 12 (2018-13): 1–19
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
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
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
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
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
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), 168-182
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), 116–150
Authors Job Title Publication
Ponomarenko A. Early warning indicators for asset price boom/bust cycles in emerging markets Emerging Markets Review 15, 92–106
Ponomarenko A., Solovyeva A., Vasilieva E. Financial dollarization in Russia: causes and consequences Macroeconomics and Finance in Emerging Market Economies, 6:2, 221-243
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Last updated on: 04.02.2022