17 research outputs found
Strategic interaction between fiscal and monetary policies in an export-oriented economy
No full textSolving the problem of stabilizing the economy is directly tied to the necessity of keeping the main macroeconomic variables stable. However, macroeconomic stability is not in the general case a purely fiscal or a purely monetary problem. How the central bank and the government interact is of principle importance. We investigate the impact of macroeconomic policies on the dynamics of the exchange rate, inflation, output and stabilization fund and consider different forms of strategic interaction between the government and the central bank. In this paper we build a stylized model of an export-oriented economy. We use numerical examples for our analysis and practical conclusions. The effective interaction of fiscal and monetary policies is possible under a cooperative Stackelberg game interaction with the government as leader. It is shown that the independence of the central bank does not play a crucial role
Confidence in future monetary policy as a way to overcome the liquidity trap
No full textThe global financial crisis of 2007–2009 has changed the landscape for monetary policy. Many central banks in developed economies had to employ various unconventional policy tools to overcome a liquidity trap. These included large-scale asset purchase programs, forward guidance and negative interest rate policies. While recently, some central banks were able to return to conventional monetary policy, for many countries the effectiveness of unconventional policies remains an issue. In this paper we assess diverse practices of unconventional monetary policy with a particular focus on expectations and time consistency. The principal aspect of successful policy in terms of overcoming a liquidity trap is the confidence that interest rates will remain low for a prolonged period. However, forming such expectations faces the problem of time inconsistency of optimal policy. We discuss some directions to solve this problem
Understanding Creolized Text in the System “Author-Reader” on the Example of Texts with Graphic and Realistic Images
No full textPEER REVIEW IN TEACHING FOREIGN LANGUAGE WRITING
No full textPeer review is one of the methods of problem-based learning, aimed at students conducting mutual assessment of written work in terms of their compliance with the structure of the study, as well as in content, style, punctuation, lexical and grammatical aspects, with a view to their further improvement taking into account the recommendations made. This method involves students to exchange brief informal comments as well as more detailed comments that contribute to improving the quality of their papers. In this paper, the author gives an analysis of the academic literature on the use of peer review in teaching foreign language writing. The analysis is presented on aspects to testify the didactic potential of the method. Every aspect is formulated as didactic function of peer review, under which the author understands the internal organization and regulation of the process of learning a foreign language on the basis of this method. As a result, the author proposes to include the following language didactic functions of peer review: a) the transfer of the share of responsibility for the result of mastering the educational material from the teacher to the students themselves; b) the role of the teacher / instructor is to monitor teaching and learning activities of pupils and students; c) the organization of students’ interaction in the course of performance of educational tasks; d) the creation of didactic conditions for increasing the amount of out of class work and its combination with the classroom activities; e) the creation of conditions for teaching students to recognize their own strengths and weaknesses; f) reduction of time for evaluation of students’ works. The article describes in detail each of their functions
Extensive high precision studies of proton deuteron breakup reactions at COSY
No full textWe plan to measure the spin dependence of proton deuteron breakup at 30 and 49 MeV proton beam energy where previous measurements are few and limited. The physics objective is to test the predictive power of the chiral effective field theory in the three nucleon continuum by measuring analyzing powers and double spin observables with high precision over large areas of
phase space at relevant energies for the theoretical interpretation. The experiment will be done at a newly installed and commissioned low-β section and interaction point in the COSY ring utilizing the PAX Multipurpose Detection System that is presently in the design stage
International transmission of conventional and unconventional monetary policy and financial stress shocks from the euro area to Russia
No full textThis paper studies the international transmission of the euro area´s monetary policy and financial stress to Russia. The results show that financial stress in the euro area damages Russian economic activity and stock prices, but not its trade balance. The contractionary euro area monetary policy shock decreases Russian GDP, leads to real appreciation of the euro against the Russian rouble, damages Russian stock prices, but does not significantly affect the trade balance between countries. We also found that the Central Bank of the Russian Federation adjusts to monetary policy shocks in the euro area
The First Successful Experience of Directional Casing Drilling Technology in Timano-Pechora Region, Russia (Russian)
No full textImplementation of New Hyperbolic Diamond Elements for Improving Rate of Penetration While Drilling Through Soft and Plastic Formations in Russia (Russian)
No full textImplementation of New Hyperbolic Diamond Elements for Improving Rate of Penetration While Drilling Through Soft and Plastic Formations in Russia
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