How Behavioural Economics Changes Monetary Policy Outlook (link)
The rational expectations hypothesis was the gold standard in macroeconomics for many years. It assumes that people take a realistic view of the future. In fact, people often attach too much importance to short-term trends, which may directly impact a central bank’s policy.
In 2022, the Bank of Russia and the Russian Journal of Money and Finance (RJMF) held the third annual Economic Research Competition for Students and PhD Fellows, which aims to support research activity among students in economics and give an opportunity to young researchers to present their results to the academia.
The Award Ceremony of the laureates of the Second Economic Research Competition for Students and PhD Fellows took place at the Bank of Russia. The Competition organized by the Bank of Russia and the RJMF is intended to support scholarly economic research in the universities and give an opportunity to young researchers to share their views and findings. Elvira Nabiullina, Governor of the Bank of Russia, presented certificates to the participants.