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The Russian Economy is in a recession due to a perfect storm of the low oil prices, sanctions and the lack of reforms. First time since 1998, Russians see a major fall in their real incomes. How long will the recession continue? What can the Russian government do? What will happen after the recession is over?
Sergei Guriev is a professor of economics at Sciences Po in Paris, France. From 2004 to 2013, Dr. Guriev was a tenured professor of economics and rector of the New Economic School in Moscow. He will begin an appointment as Chief Economist of the European Bank for Reconstruction and Development in 2016.
Dr. Guriev’s research interests include contract theory, corporate governance, political economics and labor mobility. Dr. Guriev has published in international refereed journals including American Economic Review, Journal of European Economic Association, Journal of Economic Perspectives and American Political Science Review. In 2006, he was selected a Young Global Leader by the World Economic Forum. In 2011, he was a member of the World Economic Forum’s Global Agenda Council on Europe, in 2012-14 – a co-chair of the Global Agenda Council on the New Economic Thinking, and in 2014-15 – a member of the Global Agenda Council on the Geoeconomics. In 2000 and 2005, he was awarded Gold Medal for the Best Research in Development Economics by the Global Development Network. In 2001, he was announced the Best Academic Manager in Humanities by Russia’s Science Support Foundation. In 2009-11, he was included in the top 100 of the President of Russia’s Cadre Reserve. In 2009, he was also awarded the Bill Maynes Award by the Eurasia Foundation. In 2009 and 2010 he received the Independent Director of the Year prize from Russia’s National Association of Independent Directors. In 2010, he received a Certificate in Company Directorship from the Institute of Directors (UK) and was voted the Best Independent Director by the Association of Managers of Russia and the Russian Institute of Directors.
He has been a board member of Sberbank (2008-14), E.ON Russia (2013-14), Alfa-Strakhovanie Insurance Company (2009-13), Russia Venture Company (2009-13), Russian Home Mortgage Lending Agency (2008-12) and Russian Agricultural Bank (2008-09), a member of the President of Russia’s Council on Science, Technology and Education (2008-12), and a member of the board of the Dynasty Foundation (2007-2015). He is a member of the Scientific Council of the BRUEGEL think tank (Brussels), of the Advisory Council of the Peterson Institute on International Economics (Washington, DC), and of the Academic Advisory Board, Blavatnik School of Government, Oxford University. He is also a Research Fellow at the Centre for Economic Policy Research, London.