Russian (CIS)English (United Kingdom)

Latest Issue №3, 2017

obl 3-2017 big

In the Next Issue

Yury A. PLESKACHEV, Yury Yu. PONOMAREV

Import Price Rigidity and Invoice Currency in Russia


Elena V. CHIRKOVA, Dinara A. VALIEVA, Yuri S. MENSHIKOV, Alexandra O. NOSOVA

Debt Restructuring of the Russian Metallurgical Companies Caused by the Crisis of 2008


Elena V. POKATOVICH, Vladislav D. MATYUSHONOK

Price Setting in Online Prostitution Market


About “Economic Policy” Journal

Ekonomicheskaya Politika / Economic Policy is an academic peer-reviewed bimonthly established by the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia) and the Gaidar Institute for Economic Policy (Moscow, Russia). The publisher is the Autonomous Non-commercial Organization "Editorial Board of the Journal Economic Policy". Now the journal is published with support of the energy company BP and the World Bank.

The journal is published mainly in Russian with English summaries and bibliographical information.

Ekonomicheskaya Politika is a broad-range economic journal devoted primarily to the study of the economic policy of present-day Russia as well as global economic problems. The subject matters of articles includes macroeconomic, fiscal, monetary, industrial, social, regulation and competition policyand more. The journal also publishes theoretical papers in such areas as political economy, general economic theory, welfare economics, law and economics,and institutional economics.. The character and the scope of economic problems studied in many publications require a multidisciplinary approach, consistent with the editorial policy of the journal. While the thematic scope of articles is generally related to Russia, the aim of editorial policy is to cover politico-economic processes in the modern world and international economic relations, as well. In addition, Ekonomicheskaya Politika publishes Russian translations of classical and significant modern works of foreign economists.

While the journal is academic, it also aims to reach a wider audience, because it helps its readers understand the trends behind the events occurring in Russia and worldwhide and the logic of political decisions in the economic sphere. It may be useful for all readers interested in the economic theory, history, and practice.

The Editorial Board includesleading scholars in economics – scholars in various related disciplines, both from Russia and elsewhere. The Editorial Council includes experts, both Russian and foreign, renowned for their achievements in the sphere of economic policymaking and economic policy analysis.

We invite the collaboration of all interested persons, institutions and academic periodicals with similar thematic scope, to create joint projects and special thematic issues.

Publisher: Autonomous Non-Commercial Organization "Editorial Board of the Journal Economic Policy".

Established in 2006.

ISSN 1994-5124 (print), 2411-2658 (online)

Authors are not charged for publication.

Address: 3-5, Gazetny per., Moscow, 125009, Russian Federation.

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it


Vladimir MAU, Editor-in-Chief,
Dr. Sci. (Econ.), D. Phil. (Econ.), Prof., Rector of the Russian Presidential Academy of National Economy and Public Administration (RANEPA) (Moscow, Russian Federation)

EDITORIAL BOARD

Abel AGANBEGYAN, Member of the Russian Academy of Sciences, Dr. Sci. (Econ.), Prof., RANEPA
(Moscow, Russian Federation)
Valeriy ANASHVILI, Deputy-Editor-in-Chief (Moscow, Russian Federation)
Igor BARTSITS, Dr. Sci. (Law), Prof., director, International Institute of Public Administration and Management, RANEPA (Moscow, Russian Federation)
Sergey DROBYSHEVSKY, Dr. Sci. (Econ.), Assoc. Prof., scientific director, Gaidar Institute for Economic Policy  (Moscow, Russian Federation)
Vladimir FAMINSKY, Economist (Moscow, Russian Federation)
Jack GOLDSTONE, PhD (Soc.), Hazel Professor of Public Policy, Director, Center for Global Policy, George Mason
University (Fairfax, USA)
Elena KARPUKHINA, Dr. Sci. (Econ.), Prof., Vice-Rector, RANEPA (Moscow, Russian Federation)
Laurence KOTLIKOFF, Prof. of Economics, Boston University (Boston, USA)
Yuriy KUZNETSOV, Cand. Sci. (Econ.), Deputy-­Editor-in-Chief (Moscow, Russian Federation)
Vadim NOVIKOV, Senior Researcher, RANEPA (Moscow, Russian Federation)
Alexander RADYGIN
, Dr. Sci. (Econ.), Prof., Dean of the Faculty of Economics, RANEPA (Moscow, Russian Federation)
Jeffrey SACHS, PhD (Econ.), Prof., Director of the Earth Institute, Columbia University (New York, USA)
Sergey SINELNIKOV-MURYLEV, Dr. Sci. (Econ.), Prof., Rector, Russian Academy of Foreign Trade of the Ministry
of Economic Development; Vice-Rector of the RANEPA; Deputy-Editor-in‑Chief (Moscow Russian Federation)
Yury TIHOMIROV, Dr. Sci. (Law), Prof., Chief research associate of the Public Law Research Center, Russian Governmental Institute of Legislation and Comparative Law(Moscow Russian Federation)
Daniel TREISMAN, PhD (Government), Prof., Department of Political Science, University of California (Los Angeles, USA)
Ksenia YUDAEVA, D. Phil. (Econ.), First Deputy of the Chairman, Central Bank of RF (Moscow, Russian Federation)
Veniamin YAKOVLEV, Corresponding member of the Russian Academy of Sciences, Dr. Sci. (Law), Prof., Legal advisor of the President of the Russian Federation; Head of Department of Legal Groundwork of Market Economy,
Institute of Public Administration and Management, RANEPA (Moscow, Russian Federation)

EDITORIAL COUNCIL

François BOURGUIGNON, D. Phil. (Econ.), Prof., Paris School of Economics (Paris, France)
Vladimir DREBENTSOV, Cand. Sci. (Econ.), BP group chief economist for Russia and the CIS (Moscow, Russian Federation)
Alexander DYNKIN, Member of the Russian Academy of Sciences, Dr. Sci. (Econ.), Director of the Institute of World Economy and International Relations (Moscow, Russian Federation)
Revold ENTOV, Academician, Dr. Sci. (Econ.), Prof., Chief fellow, the Gaidar Institute of Economic Policy (Moscow, Russian Federation)
Leonid EVENKO, Dr. Sci. (Econ.), Prof., Dean of the Faculty of the Higher School of International Business, RANEPA (Moscow, Russian Federation)
Eugeny GAVRILENKOV, Dr. Sci. (Econ.), Prof., National Research University Higher School of Economics, Managing director and chief economist of the investment company “Sberbank CIB” (Moscow, Russian Federation)
Alan GELB, D. Phil. (Econ.), Senior Fellow, Center for Global Development (Wasington, USA)
Herman GREF, Cand. Sci. (Econ.), Chairman of the Savings Bank of the Russian Federation (Moscow, Russian Federation)
Marek DABROWSKI, Dr. Sci. (Econ.), Prof., Center for Social and Economic Research (Warsaw, Poland)
Sergey KARAGANOV, Dr. Sci. (Econ.), Prof., Dean of the Faculty of World Economy and International Affairs, National Research University Higher School of Economics (Moscow, Russian Federation)
Alexander KHLOPONIN, Presidential Envoy to the North Caucasus Federal District (Pyatigorsk, Russian Federation)
Mikhail KOPEIKIN, Dr. Sci. (Econ.), Prof., National Research University Higher School of Economics, Deputy Chairman of Vnesheconombank – Bank for Development and Foreign Economies Affairs (Moscow, Russian Federation)
Anne KRUEGER, D. Phil. (Econ.), Prof., Paul H. Nitze School of Advanced International Studies, Johns Hopkins University (Washington, USA)
Alexey KUDRIN, Dr. Sci. (Econ.), Prof., Dean of the Faculty of Arts and Human Sciences, St. Petersburg State University (St. Petersburg, Russian Federation)
John LITWACK, D. Phil. (Econ.), Lead Economist, World Bank in Nigeria (Washington, USA)
Elena LOBANOVA, Dr. Sci. (Econ.), Prof., Dean of the Graduate School of Finance and Management, RANEPA (Moscow, Russian Federation)
Augusto LOPEZ-CLAROS, D. Phil. (Econ.), Prof., Director of Global Indicators and Analysis, World Bank (Washington, USA)
Pradeep MITRA, D. Phil. (Econ.), consultant of the Сhief Economist, Europe and Central Asia Region, World Bank (Washington, USA)
Sergey MYASOJEDOV, Dr. Sci. (Sociol.), Prof., Vice-Rector of the RANEPA (Moscow, Russian Federation)
Rustem NOUREEV, Dr. Sci. (Econ.), Prof., National Research University Higher School of Economics (Moscow, Russian Federation)
Alexander ROMANOV, Dr. Sci. (Medic.), Prof., Corresponding Member of the Russian Academy of Medical Sciences, Federal Rehabilitation Centre under the Business Administration of the President of the Russian Federation (Moscow, Russian Federation)
Teodor SHANIN, Dr. Sci. (Econ.), D. Phil. (Sociol.), Prof., Full Member of Russian Academy for Agricultural Science,
Rector of the Moscow School of Social and Economic Sciences, RANEPA (Moscow, Russian Federation)
Andrey SHASTITKO, Dr. Sci. (Econ.), Prof., RANEPA (Moscow, Russian Federation)
Sergey SHATALOV, Dr. Sci. (Econ.) (Moscow, Russian Federation)
Igor SHUVALOV, Cand. Sci. (Jur.), First Deputy Prime Minister of the Russian Federation (Moscow, Russian Federation)
Sergey STEPASHIN, Dr. Sci. (Jur.), Prof. (Moscow, Russian Federation)
Alexey ULYUKAYEV, Dr. Sci. (Econ.), D. Phil. (Econ.) (Moscow, Russian Federation)
Andrey VOLKOV, Dr. Sci. (Econ.), Prof., the Moscow School of Management Skolkovo (Moscow, Russian Federation)
Yevgeny YASIN, Dr. Sci. (Econ.), Prof., Scientific Director of National Research University Higher School of Economics (Moscow, Russian Federation)
Mikhail ZADORNOV, Cand. Sci. (Econ.), President-Chairman of VTB24 (Moscow, Russian Federation)
Alexander ZHUKOV, Cand. Sci. (Econ.), Deputy Chairman of the State Duma of the Federal Assembly of the Russian Federation (Moscow, Russian Federation)

“Economic Policy” journal is the result of the collaboration between two organisations —
the Russian Presidential Academy of National Economy and Public Administration,
the Gaidar Institute for Economic Policy.
With the support by the World Bank.

Sponsorship provided by BP logo bp