On May 15, 2020, the fourth conference for students and young researchers Banking and Monetary Policy: Prospects for Development was organized by the National Bank of Ukraine and Kyiv School of Economics.
The conference featured works by students and young researchers from educational institutions and think-tanks in Kyiv, Kharkiv, Lviv, Vinnytsia, Zaporizhia, Sumy, Tallinn (Estonia).
In the final part of the conference the results of seven best works were presented.
In their research, the finalists of the competition studied the following questions:
- How does the mechanism of monetary policy transmission in a small open economy change when modeling several types of economic agents?
- What results will be obtained from activating countercyclical capital buffer in Ukraine based on early warning models?
- Are savings decisions related to economic populism?
- What are the features of inflation expectations in Ukraine and what is the role of food price dynamics?
- Is there a link between foreign aid and inequality in recipient countries?
- How do remittances affect the real effective exchange rate of the hryvnia and the economy?
- What is the best approach to setting a minimum wage?
Anatolii Hlazunov (Kyiv School of Economics) won the first prize with his work Operationalizing countercyclical buffer in Ukraine basing on the early warning models, in which he analyzed the balance sheets of commercial banks and macroeconomic indicators for the period from 2009 to 2019 to determine the optimal threshold for countercyclical buffer capital. According to the results of the model calibrated using the financial cycle indicator, the buffer could have reduced the negative impact of shocks in 2008-2009 and 2014-2015 if it would have been set at a level of 2.25%.
The second prize was shared between Anna Vakarova (Kyiv School of Economics) for her paper Monetary policy transmission mechanism in small open economy with heterogeneous agent, Pavlo Iliashenko (School of Business and Governance, TalTech) and Daria Mykhailyshyna (Center for Economic Strategy) for their research Gender, Present Bias, and Economic Populism: Explaining Saving Behavior in Ukraine, Pavlo Martyshev (Kyiv School of Economics) and Sofiia Dunets (Kyiv School of Economics, National Bank of Ukraine) with the study“ for their work Formation of inflation expectations and second-round effect from food prices in Ukraine.
A committee of experts reviewed presented works, and winners of the competition received certificates for courses at Kyiv School of Economics.
Detailed information about the NBU conferences can be found at the link.