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Andrei Yakovlev is an economist whose main research interests include state-business relations in Russia, political economy of development, industrial policy, public procurement, and incentives for bureaucracy (with comparative study of Russia and China).
Andrei Yakovlev / Андрей Яковлев Harvard University, Davis Center for Russian and Eurasian Studies Verified email at fas.harvard.edu - Homepage economics business politics
Director of Institute for Industrial and Market Studies, HSE University (Moscow) Verified email at hse.ru - Homepage. economics business political economy.
- An Atypical Crisis: Mechanisms, Consequences, Scenarios
- An Atypical Crisis Scenario
- Revenues, Stockpiles, A Strong Ruble, and Fiscal Stimulus
- Output Sustainability and Hidden Redistribution
- Survival Model: Crisis Adaptability and Long-Term Stagnation
- Has The Crisis Passed Or Does It Still Lie Ahead?
- The Certainty of Uncertainty and Irreversible Changes
The Russian economy contracted much less in 2022 than was predicted by virtually all economists and experts, including those from the Russian central bank and international organisations. However, contrary to popular belief, the Russian economy's actual losses, as a result of the country’s invasion of Ukrainian and unprecedented international sanct...
Oleg Itskohi has outlined how a typical economic crisis develops, and why this did not occur in Russia in 2022. Typically, the adverse events that precipitate a crisis result in a large outflow of capital from a country and a depreciation of the national currency. In response, residents make a ‘bank run’ in an attempt to save their money, resulting...
Oleg Vyugin demonstrates how this unusual crisis scenario has played out in the realities of the Russian economy. According to Vyugin, four major factors have combined to significantly reduce the impact of the sanctions shock. To begin with, as has already been described, high oil and gas export revenues have been a crucial factor: in value terms, ...
Explaining the mechanisms for mitigating the shock associated with the collapse of imports and the improvement in industrial output, Evsei Gurvich highlights how these figures conceal decreasing standards of living. The inventory factor played a significant role in the initial phase of the crisis; as a result, the increase in inventories in the sec...
Andrei Yakovlev examines the micro-level — the anti-crisis strategies of enterprises and regulatory bodies — and contends that the crisis has become a kind of routine and modus vivendi for Russian businesses. They have to be constantly prepared to make decisions in response to the irrational and unpleasant conditions created by the authorities, to ...
Even normalisation of export revenues, i.e. a reduction of $100-150 billion, will begin to accelerate the crisis spiral that was suppressed last year. According to Oleg Itzhoki, the macroeconomic situation in 2023 will be fundamentally different to that of 2022. In the context of excessive financing and massive inflows of foreign exchange earnings,...
Uncertainty is another important factor that is rarely considered in economic forecasts but has a significant impact on the behaviour of economic agents and economic policy, writes Yevsey Gurvich. This factor is difficult to quantify, but high levels of uncertainty cause businesses to postpone investment and hiring decisions, banks to raise lending...
Oct 24, 2023 · The former vice-rector of the National Research University Higher School of Economics, now a visiting researcher at the Davis Center at Harvard, Andrei Yakovlev analyzes for T-invariant the experience of a leading university both in terms of success and and in part of the decline of this big project.
Dr. Andrei Yakovlev will discuss the composition of Russia's ruling coalition and the incentives of its main elite groups — senior officials, oligarchs, and top officers of the security services.
Andrei Yakovlev. Drawing on experimental games and surveys conducted with students at two universities in Russia, we compare the behavioral, attitudinal, and demographic traits of students...
