9:45-10:00, room 521 registration

10:00-10:15, room 521: Opening ceremony
Chairmen: Barry Ickes, Valery Makarov

10:15– 12:00, room 521

Session 1: New Economics and the Internet

Project leader: Valery Makarov
Chairman:Barry Ickes

Valery Makarov: On Modeling Knowledge Economy

Discussant: Anatoly Kozyrev

11:15 - 11:40, 1-st floor: Coffee/Tea

11:40– 12:40, room 521

Session 2: Innovations and Economic Growth in Transition Economies

Project leaders: Victor Polterovich, Vladimir Popov
Chairman:

Victor Polterovich, Vladimir Popov: Stages of Development and Economic Policy
Victor Polterovich, Alexander Tonis:Imitation and Innovation at Various Stages of Development

Discussant: Andrey Yakovlev

12:40– 12:50: Break

12:50 - 13:50, room 521

Session 3: The Behavior of The Real Exchange Rates

Project leaders: Kirill Sosunov, Oleg Zamulin
Chairman: Stanislav Anatolyev
Kirill Sosunov, Oleg Zamulin: What Stands Behind the Real Appreciation of the Russian Rouble in 1998-2003?
Discussant:Vladimir Popov

13:50 - 15:10: Lunch

15:10 - 16:50, room 521

Session 4; Chairman: Omer Moav

Tax Optimization: the role of informational asymmetries

Project leaders: Alexander Vasin,Francisco Marhuenda
Alexander Vasin Francisco Marhuenda, Polina Vasina: The Optimal Tax Choice under Tax Evasion
Francisco Marhuenda, Alexander Vasin, Polina Vasina: Optimal Taxation, Tax Evasion and the Structure of Firms

Discussant: Evsey Gurvich

Topics in Economic Theory

Project leaders: Konstantin Sonin, Ariane Lambert-Mogiliansky
Konstantin Sonin, Ariane Lambert-Mogiliansky: Corruption and Corruption in Procurement Trends
Discussant: Alexander Tonis

16.50-17.00, Break

17:00-18.30, room 521

DISTINGUISHED LECTURE

Reuben Gronau (Hebrew University):

Zvi Griliches Contribution to the Theory of Human Capital- The Schooling Ability Controversy
video (42,3 Mb), audio (14,4 Mb) Windows Media Player 9

Chairman: Barry Ickes

10:00 - 11:30

Session 5; Chairman:Pavel Katyshev

Dynamics and Predictability in Russian Financial Markets

Project leader: Stanislav Anatolyev
Stanislav Anatolyev and Alexander Gerko: The Trading Approach to Testing for Predictability and Market Efficiency
Discussant: Oleg Zamulin

Evaluating Performance and Strategy of Mutual Funds

Project leader: Alexei Goriaev
Alexei Goriaev: Predictability of Mutual Fund Performance
Discussant: Stanislav Anatolyev

11:30 - 11:50, 1-st floor: Coffee/Tea

11:50 - 12:50, room 521

Session 6: Electricity Restructuring and Regulatory Reform in Russia

Project leaders: Oleg Eismont, Geoffrey Rothwell, Sergey Chernavsky
Chairman:Victor Polterovich
Oleg Eismont: Restructuring Electricity Sector in Russia: perspectives and problems
Discussant:Vadim Kleiner

13:00 - 14:00, room 521

Session 7: Health in Russia

Chairman: Kirill Sosunov
Project leader: Judith Shapiro

Judith Shapiro: Determining Priorities in Health for Russia?
Discussant:

14:00 - 15:30, Lunch

15:30 - 16:30, room 521

Session 8: Institutional Constraints to the Growth of Small Businesses in Russia

Project leaders: Sergei Guriev, Leonid Polishchuk

Leonid Polishchuk: Bureaucrats, Businessmen, and Middlemen: Gainers and Losers
Discussant: Oleg Eismont

16:30 - 17:00
Break

17:00 - 18:30, room 521

Keynote Address
Sergey Vasilyev (Member of the Federation Council, Chair of the Council of Federation Committee on Financial Markets and Currency Circulation): Prospects of development on Financial Markets in Russia
video (26 Mb), audio (9 Mb) Windows Media Player 9
Chairman: Victor Polterovich

18:30, first floor, Reception

10:00 - 10:40, room 521

Session 9: Topics of the Theory of Money

Project leader: Alexei Deviatov
Chairman: Tatyana Mikhailova
Alexei Deviatov, Igor Dodonov: Another Model of Non-Fundamental Exchange Rate Uncertainty
Discussant: Grigory Kosenok

10:40 -10:50
Break

10:50 - 12:00, room 521

Session 10: The Effect of WTO Accession on Russia

Project leaders: Irina Denisova, Kseniya Yudaeva
Chairman: Natalya Volchkova

Kseniya Yudaeva, Alexander Alexeev: Estimation of the Russia's trade policy options with the help of the Computable General Equilibrium Model
Akhmed Akhmedov, Evgenia Bessonova, Ivan Cherkashin, Irina Denisova, Elena Grishina, Denis Nekipelov, Andrei Vykhristyuk: WTO Accession and the Labor Market: Estimations for Russia

Discussant: Vladimir Salnikov

12:00 - 12:20, first floor

Coffee/Tea

12:20 -13:00, room 521

Session 11: Empirical Issues of Industrial Organisation

Project leader: Grigory Kosenok
Chairman: Oleg Zamulin
Marina Kartseva, Grigory Kosenok and Gulnara Nurullaeva: Growth of Russian Enterprises in Major Industries during the Transition: an empirical analysis
Discussant: Svetlana Avdasheva

13:00 -13:10

Break

13:10 -14:00

Session 12: Trend of the Banking Sector in Russia and Bank Ratings

Project leaders: Anatoly Peresetsky, Alexander Karminsky
Consultant: A. H. O. van Soest
Chairman: Alexei Goriaev
Sergey Golovan, Alexander Karminsky, Alexander Kopylov, Anatoly Peresetsky: Russian banks probability of default models I. Models with clustering
Sergey Golovan, Mikhail Evdokimov, Alexander Karminsky, Anatoly Peresetsky: Russian banks probability of default models II. Models with macroeconomic variables

Discussant:Sergey Zamkovoy

14:00, room 521
Closing session: summing up Barry Ickes, Valery Makarov

Contact information: 129-17-00, 129-32-36, 129- 38-44 ( ext 137)