Overview of the Bank of Russia, NES, and HSE University Workshop ‘Monetary Policy and Inflation: Effects of Asymmetry and Behavioural Aspects’

Abstract

In early July 2025, the 15th joint workshop on economic research by the Bank of Russia, the New Economic School, and HSE University was held on the topic ‘Monetary Policy and Inflation: Effects of Asymmetry and Behavioural Aspects’. The workshop featured reports on communications efficiency, inflation expectations, inflation costs, and the use of financial market data to forecast consumer price growth rates. A round table was dedicated to the functioning of monetary policy transmission channels under the conditions of structural transformation and sanctions constraints, as well as the reasons for the inflation exceeding the target in recent years.