A joint paper “On discounting and voting in a simple growth model” written by the professors of the Departement of Economics, Kirill Borissov, Mikhail Pakhnin, Clemens Puppe has been published by the journal European Economic Review.  

On Monday, March 13, 2017 the EUSP hosted a talk delivered by Vladimir Yakushev, CEO of the "Northern Capital Gateway" (VVSS) consortium, which operates the Pulkovo airport. For the Russian aviation sector the consortium is an innovative project of public-private partnership. Yakushev spoke about the aims and objectives of the project, elaborating on its economic aspects in more detail.

Apurva Sanghi, the new World Bank’s Lead Economist for the Russian Federation, gave a talk at the European University at St. Petersburg, during which he presented the World Bank’s Russia Economic Report no. 36. The report consisted of three thematic sections: 1) the latest trends in economic development; 2) predictions concerning the development of Russia’s economy; and 3) the impact of fiscal policy on the allocation of income during times of economic expansion and recession.

April, 13. 03:00 PM, Golden Hall. World Bank Lead Economist and Program Leader Birgit Hansl will present the main findings of the Russia Economic Report (RER). This semi-annual World Bank publication synthesizes recent trends on key economic indicators, provides the World Bank economic outlook for Russia for 2016-18, and analyzes strategic policy issues.

On December 14th, MDM Professor of Financial Econometrics Hakan Eratalay gave a presentation as part of the EUSP Department of Economics’ research seminar. Professor Eratalay presented his report based on an article co-authored with Department of Economics graduate Vitaly Merso.

From March 30th  until April 1st , the European University hosted the fourth Workshop on Risk, Insurance and Finance, which is held every year by the Department of Economics. This year, the organizing committee invited professors from the University of Trieste, in Italy. Each professor gave several lectures: Ermanno Pitacco spoke about insurance and risk management, and Anna Rita Bacinello spoke about finance.

The first lecture, given by Stéphane Lambrecht (Université de Valenciennes), was on the overlapping generations model. Lambrecht first presented a basic version of the model, then showed methods of its application in analyzing the sustainability of natural resource usage and pollution control.

Birgit Hansl and Sergey Ulatov delivered the World Bank’s regular report on the Russian economy in the EUSP’s Gold Hall. The report was primarily concerned with the uncertainty of economic policy in Russia.

In contemporary economics, the term “capital” implies not only physical capital, but human capital as well — in the form of knowledge, skills, health, and administrative capabilities. There is also social capital, reflecting social ties and interpersonal relations and trust. Human and social capital, much like physical, can accrue and bring profits to a firm.

The guiding theme of the two sessions was the question of how literature reflects issues of economic and political modernization. Travin is convinced that in studying reform in any era, we must pay attention to how such events are revealed in literature, as writers often work with the theme of societal change. It is namely through literature that we can tap into the social context of an era.

 June 25, Palgrave Macmillan Publishing released the new book of BP Professor of Economics Yulia Vymyatnina and the Department's of Economics alumnus Daria Antonova CREATING A EURASIAN UNION. Economic Integration of the Former Soviet Republics.

Professor Weymark received his PhD from the University of Pennsylvania and taught at Duke and the University of British Columbia. He currently teaches at Vanderbilt and serves on the editorial boards of four prominent economic journals. His main interests are theoretical microeconomics, social choice theory, and welfare state theory. In 2012 he also published an article on evolutionary biology, having applied the methods of social choice theory in this area.

 

 

Most recently, as founder and CEO of NewsFutures (2000-2010) Dr. Servan-Schreiber pioneered many business applications of prediction markets for dozens of leading companies on four continents. NewsFutures’ work with prediction markets has been featured in the best-selling book "The Wisdom of Crowds" as well as in leading print media such as The New York Times, the Economist, BusinessWeek, Time, Newsweek, The New Yorker, The Wall Street Journal and Nature.

The aim of the School is to disseminate new knowledge and results of current research in Risk Management, Insurance, Finance and related fields using mathematical models as analytical tools. The target group is scientists, students and practitioners from Russia and other ex-Soviet countries although people from the rest of the world may join this School as well. 

 

The lecture concentrated on the use of Eurobonds as an instrument in the creation of an investment portfolio with low volatility.  Questions to be touched upon include the basic criteria of bonds and Eurobonds, the question of market size, ratings, the behavior of bonds in a time of crisis and examples of successful trading ideas, etc. 

This talk revisited main patterns of capital flows over the last 150 years, as well approaches to their stabilisation attempted at different time periods.

Mr. Drebentsov joined BP in February 2006 to take responsibility for economic and energy research and policy advice for the BP Group in countries of the former Soviet Union. Additional responsibilities include coverage of European gas markets for BP Group Economics and global gas reserves and trade for the annual Statistical Review of World Energy. In 2010, Mr. Drebentsov assumed the additional role of Vice-President for External Affairs of BP Russia.  Since November 2008, he has been serving on the Expert Council of the Government of Russia’s Anti-Crisis Commission.