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Regular version of the site

109028, Moscow
11 Pokrovsky Boulevard,
Room Т-614
Phone: (495) 628-83-68

email: fes@hse.ru 

Academic Supervisor Konstantin Sonin
First Deputy Dean Sergey Merzlyakov
Deputy Dean for Academic Work Elena Pokatovich
Deputy Dean for Research Dmitry A. Veselov
Deputy Dean for International Affairs Ludmila S. Zasimova
Deputy Dean for Undergraduate Studies Elena Burmistrova
No Brainers and Low-Hanging Fruit in National Climate Policy

Safonov G., Сафонова Ю. А., Дорина А. Л. et al.

L.: Centre for Economic Policy Research, 2021.

Unmasking Partisanship: How Polarization Influences Public Responses to Collective Risk
In press

Sonin K., Wright A. L., Milosh M. et al.

Journal of Public Economics. 2022.

Book chapter
Opportunities for fast and cost-effective decarbonisation in Russia

Safonov G., Дорина А. Л., Сафонова Ю. А. et al.

In bk.: No Brainers and Low-Hanging Fruit in National Climate Policy. L.: Centre for Economic Policy Research, 2021. Ch. 7. P. 83-93.

Working paper
ICLR 2021 Challenge for Computational Geometry & Topology: Design and Results

Miolane N., Caorsi M., Lupo U. et al.

arxiv.org. CS. Cornell University, 2021. No. 2108.09810.

HSE (FES/ICEF) International Webinar - Sarah Zubairy

*recommended age
Event ended

Dear colleagues,

We are very happy to announce the next talk of our webinar series.  
On Thursday, September 23, 16:20 - 17:40  (Moscow time, GMT+3) Sarah Zubairy  (Texas A&M University) will present her paper "State dependent government spending multipliers: Downward nominal wage rigidity and sources of business cycle fluctuations" (joint with Yoon J. Jo).

 The seminar will be held online in zoom: https://us02web.zoom.us/j/84639632497

Abstract: We consider a New Keynesian model with downward nominal wage rigidity (DNWR) and show that government spending is much more effective in stimulating output in a low-inflation recession relative to a high-inflation recession. The government spending multiplier is large when DNWR binds, but the nature of recession matters due to the opposing response of inflation. In a demand-driven recession, inflation falls, preventing real wages from falling, leading to unemployment, while inflation rises in a supply-driven recession limiting the consequences of DNWR on employment. We document supporting empirical evidence, using both historical time series data and cross-sectional data from U.S. states.

We are looking forward to seeing you at the webinar!