“New Goods” Trade in the Baltics
We analyze the role of the new goods margin—those goods that initially account for very small volumes of trade—in the Baltic states’ trade growth during the 1995-2008 period. We find that, on average, the basket of goods that in 1995 accounted for 10% of total Baltic exports and imports to their main trade partners, represented...
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Independent Media and Contemporary Military Doctrines
Governments often take unpopular measures. To minimize the political cost of such measures policy makers may strategically time them to coincide with other newsworthy events, which distract the media and the public. We test this hypothesis using data on the recurrent Israeli-Palestinian conflict. We show that Israeli attacks are more likely to be carried out...
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Intergenerational Mobility of Russian Households
To understand the nature of income inequality one needs to know how persistent the inequality is across generations. The same inequality levels could conceal different intergenerational mobility. We utilize the Russian Longitudinal Monitoring Survey (RLMS-HSE) to find out how large intergenerational mobility in Russia is as measured by income, educational and occupational mobility. We find...
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Operating and Financial Hedging: Evidence from Trade
There is a large and growing literature that has modeled how real policies affect and interact with financial policies. It is important to consider such an interaction since a firm, just as a single value-maximizing agent, should make its strategic decisions optimally, taking into account all of its multi-dimensional facets (contracts with employees and suppliers,...
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To Commemorate the 1917 Revolution in Russia – Occasions More for Reflections than for Celebrations
The centennial of the 1917 revolution in Russia provide opportunities for the public to refresh knowledge of the tumultuous events that dramatically changed the country’s history. Conferences, television series and debates, exhibitions at historical and art museums are some of the activities that will illuminate the February and October revolutions in 1917. The complex, intertwined...
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