Regular version of site


Pham, T., Talavera, O., Tsapin, A. (2022). Branch network structure, authority and lending behaviour. Economic Systems, 101040.

Arias, J., Talavera, O., Tsapin, A. (2022). Bank liquidity and exposure to industry shocks: Evidence from Ukraine. Emerging Markets Review, 100942. (In Press).

Faryna, O., Pham, T., Talavera, O., Tsapin, A. (2022). Wage and Unemployment: Evidence from Online Job Vacancy Data. Journal of Comparative Economics, 50(1), 52-70.

Kiiashko, S., Kopiec, P. (2022). Labor Market Integration and Fiscal Competition. Journal of Money, Credit and Banking, 54(S1), 157-185.


Constantinescu, M., Nguyen, A.D.M. (2021). A Century of Gaps: Untangling Business Cycles from Secular Trends. Economic Modelling, 100, 105505.

Faryna, O., Simola, H. (2021). The Transmission of International Shocks to CIS Economies: A Global VAR Approach. Economic Systems, 45(2), 100769.

Ghassibe, M. (2021). Monetary Policy and Production Networks: An Empirical Investigation. Journal of Monetary Economics, 119, 21-39.

Pham, T., Talavera, O., Tsapin, A. (2021). Shock Contagion, Asset Quality and Lending Behaviour: The Case of War in Eastern Ukraine. Kyklos, 74(2), 243-269.


Aragon, N., Roulund, R. P. (2020). Confidence and Decision-Making in Experimental Asset Markets. Journal of Economic Behavior & Organization, 178, 688-718.

Lepetyuk, V., Maliar, L., Maliar, S. (2020). When the U.S. Catches a Cold, Canada Sneezes: A Lower-Bound Tale Told by Deep Learning. Journal of Economic Dynamics and Control, 117, 103926.


Brychka, S., Klynovskyi, D., Krukovets, D., Oharkov, A. (2019). Meta-Analysis: Effect of FX Interventions on the Exchange Rate. Modern Economic Studies, 2(1), 24-44. Retrieved from

Constantinescu, M., Proškutė, A. (2019). Firm Productivity, Heterogeneity and Macroeconomic Dynamics: A Data-Driven Investigation. Baltic Journal of Economics, 19(2), 216-247.

Brown, J.D., Earle, J.S., Shpak, S., Vakhitov V. (2019). Is Privatization Working in Ukraine? Comparative Economic Studies, 61, 1–35.


Constantinescu, M., Barauskaite, K. (2018). Network-Based Macro Fluctuations: What about an Open Economy? Baltic Journal of Economics, 18(2), 95-117.

Constantinescu, M., Lastauskas, P. (2018). The Knotty Interplay Between Credit and Housing. Quarterly Review of Economics and Finance, 70, 241-266.

Constantinescu, M., Nguyen, A.D.M. (2018). Unemployment or Credit: Which One Holds the Potential? Results for a Small Open Economy with a Low Degree of Financialization. Economic Systems, 42(4), 649-664.

Dorich, J., St-Pierre, N. L., Lepetyuk, V., Mendes, R. R. (2018). Could a Higher Inflation Target Eenhance Macroeconomic Stability? Canadian Journal of Economics, 51(3), 1029-1055.


Lukianenko, I., Dadashova, P. (2016) Monetary and Fiscal Policies Interaction in Ukraine. Actual Problems of Economics, 5(179), 295–307.

Nizalova, O. Y., Sliusarenko, T., Shpak, S. (2016). The Motherhood Wage Penalty in Times of Transition. Journal of Comparative Economics, 44(1), 56-75.

Vdovychenko, A., Zubrytskyi, A. (2015) Opportunities for Fiscal Devaluation in Small Open Economies: the Case of Ukraine. Post-Communist Economies, 27(1), 23–40.

Constantinescu, M., Francke, M. (2013) The Historical Development of the Swiss Rental Market - A New Price Index. Journal of Housing Economics, 22 (2), 135-145.

Khomiak, V. (2013). Does the Contagion Effect of the Balance of Payment Crisis Exist? Ukrainian Case. Review of Applied Socio-Economic Research, 6(2), 151–160.

Lepetyuk, V., Stoltenberg, C. A. (2013). Policy Announcements and Welfare. Economic Journal, 123 (571), 962-997.

Stephan, A., Tsapin, A., Talavera, O. (2012). Main Bank Power, Switching Costs, and Firm Performance: Theory and Evidence from Ukraine. Emerging Markets Finance and Trade, 48(2), 76-93.

Talavera, O., Tsapin, A.Zholud, O. (2012). Macroeconomic Uncertainty and Bank Lending: The Case of Ukraine. Economic Systems, 36(2), 279–293.

Vdovychenko, A. (2012). Liquidity Dynamics on Initial Public Offerings Market. The HSE Economic Journal, 16(4), 514–533.

Constantinescu, M. (2011). How Important is That Footnote on Page 3?: Understanding the Effect of Autocorrelation on the Calculation of Expected Shortfall. Journal of European Real Estate Research, 4(1), 69-88.

Stephan, A., Talavera, O.Tsapin, A. (2011). Corporate Debt Maturity Choice in Emerging Financial Markets. The Quarterly Review of Economics and Finance, 51(2), 141-151.

Constantinescu, M. (2010). What is the "Duration" of Swiss Direct Real Estate? Journal of Property Investment and Finance, 28(3), 181-197.

Vdovychenko, A. (2009). Private Financial Resources and Their Influence upon Innovative Processes in Ukraine. Actual Problems of Economics, 1, 207–217.

Stephan, A., Tsapin, A. (2008). Persistence and Determinants of Firm Profit in Emerging Markets. Applied Economics Quarterly, 54(4), 231-254.