Department of Theoretical Economics

Regular version of the site

109028, Moscow,
Pokrovsky Boulevard 11, Rooms: S1029, S1030
Phone: +7 (495) 772-95-90*27172, 27173, 27174

Department Administration

Department Head – Alexander Tarasov

PhD, Penn State University

Deputy Head – Svetlana Seregina

Senior Administrator – Zulikhan Ibragimbeili

Senior Administrator – Natalia Baibouzenko

Administrator – Marina Yudina

About the Department

The Department of Theoretical Economics brings together highly qualified specialists in various fields of economics, including micro and macroeconomics, monetary and financial theory, economic history and the history of economic thought. Our mission is to teach economic disciplines at HSE on the level of leading Western universities.

Publications

Book

Russian and Western Economic Thought: Mutual Influences and Transfer of Ideas

Springer, 2022.

Article

The Study of the Strategic Consequences of a Scoring Model Disclosure

Kryukov G. M., Sandomirskaia M.

Automation and Remote Control. 2024. Vol. 85. P. 696-710.

Book chapter

Evaluation of the Degree of Manipulability of Positional Aggregation Procedures in a Dynamic Voting Model

Karabekyan D., Yakuba V. I.

In bk.: Human-Centric Decision and Negotiation Support for Societal Transitions: 24th International Conference on Group Decision and Negotiation, GDN 2024, Porto, Portugal, June 3–5, 2024, Proceedings. Cham: Springer, 2024. P. 102-113.

Working paper

Scoring and Favoritism in Optimal Procurement Design

Andreyanov P., Krasikov I., Suzdaltsev A.

arxiv.org. Theoretical Economics. Cornell University, 2024

All publications

Delivered by:: Department of Theoretical Economics

Type:: Elective course

When:: 4 year, 3 module

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Abstract

There is a significant probability that many OECD countries are stumbling into a period of financial dislocation. Numerous indicators show that macro imbalances are at a tipping point, such as the public debt in the US going parabolic at now over 120% of GDP, with interest costs higher than defense spending. The unwillingness and/or inability of the major economic powers to confront the imbalances that led to the financial crisis of 2007-8 have laid the basis for an even worse repetition. The danger is that the confluence of slow real growth, low productivity increases, inflated asset prices, and especially much higher public debt in many of the major G20 economies cannot be sustained any longer. Ironically, Russia is one of the few exceptions. The Bank for International Settlements, among others, has been expressing its concerns that collectively we have been unable to constrain the build-up of financial imbalances, leading to a progressive narrowing of policy options. In this mini-course we will try to analyze why the financial bubble is starting to burst more than 15 years after the end of the last crisis, and why now? How was it possible to delay this outcome for so long? What policy tools were used? Why are they no longer working? What are the remaining policy options now? It may come as some relief to know that nobody in the profession seems to know the answer to these questions.

Global Economic Policies under Fat Tail Risks

Course Syllabus

Abstract