• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site
For visually-impairedUser profile (HSE staff only)SearchMenu

Consumption Dynamics Modeling in Economy of the Russian Federation with Heterogeneous Households

Student: Alexei Ujegov

Supervisor: Nikolay Pilnik

Faculty: Faculty of Economic Sciences

Educational Programme: Applied Economics (Master)

Year of Graduation: 2017

Current economic situation in Russia requires application of nonstandard approaches to developing public policy. It can be shown that standard macroeconomic approaches are not suitable because of their assumptions. A non-standard macroeconomic approach will be discussed in this paper. Two models are presented – an aggregate household model and heterogeneous household model. In both household is characterized by budget constraint with inclusion of various financial and investment instruments. Models are fully solved what means that final trajectories for consumption and labor are derived. A key feature of this paper is specific type of utility function that allows to estimate both consumption and labor trajectories. Some effective solutions to the problems of standard macroeconomic models are offered that give an opportunity to model precisely household behavior in the Russian economy.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses