EMPLOYEES OF THE GAIDAR INSTITUTE TOOK PART IN THE INTERNATIONAL RESEARCH/PRACTICE CONFERENCE "CHALLENGES AND PROSPECTS OF ECONOMIC POLICY IN 2021-2022."

On October 11–12, 2021, the Russian Presidential Academy of National Economy and Public Administration (RANEPA) held international research/practice conference “Challenges and prospects of Economic Policy in 2021–2022, attended by employees of the Gaidar Institute: Sergey Drobyshevsky, Scientific Director, Aleksey Vedev, Head of Financial Studies Department, Alexander Knobel, Head of International Trade Department, Stepan Zemtsov, Senior researcher of Innovation Economics Department. Pavel Trunin, Director of Center for Macro-Economics and Finance, and Alexandra Bozhechkova, Head of Department, Laboratory of Monetary Policy of the Gaidar Institute, facilitated discussions.

Vladimir Mau, the Rector of RANEPA, welcomed participants and guests of the conference.

During the conference, Russian and foreign researchers have considered a wide range of issues related to the development of the global economy in 2021-2022. In 2020, the world faced an unprecedented external shock caused by the coronavirus pandemic resulted in a deep recession experienced by most economies. In this context, public authorities implemented large-scale measures that made possible to support economic activity. In 2021, notwithstanding that the pandemic is still far from being over, there has been a rapid recovery of the economy, creating increased inflationary pressure. In this regard, the effectiveness of anti-crisis measures, their winding-up strategy, trends of economic development and possible new shocks should be studied and discussed.

Sergei Drobyshevsky presented a report on the risks of the world financial crisis and the challenges to global economic policy. In his presentation, he noted the inconsistency of the global economic recovery after the pandemic and named the main risks of adverse scenarios in the global economy in 2021.

Alexey Vedev assessed in details the current situation and provided his forecast for the socio-economic development of Russia.

Alexander Knobel presented a research devoted to the development of international trade amid modern global turbulence.

Stepan Zemtsov delivered a presentation “Entrepreneurial policy and development of small and medium-sized businesses in Russia.” He noted that the topic of entrepreneurship is extremely relevant, since small and medium-sized businesses are the most affected sector of the economy during the pandemic. The main points of the research included analysis of government policies before the pandemic and the effectiveness of government support for SME sector during the coronavirus crisis.