Suchergebnisse

In his novels, Dostoevsky refers to the Pushkin text to describe characters. For Dostoev­sky, Pushkin is an ethical and aesthetic touchstone; the writer's voice is consonant with that of the poet's persona. In some cases, the Pushkin text is embedded in religious discourse (the parable of the prodigal son). In interpreting the Pushkin text, Dostoevsky's characters present and disclose themselves. The 'dreamer' from 'White Nights' invokes the Pushkin text to con­vey the values of his own. In her peculiar account of the 'poor knight' ballad, Aglaya is trans­forming religious discourse into aesthetic and mundane. Pushkin's St Petersburg text, whose sign is wet snow, creates the space in which contradiction-ridden Hermann (The Queen of Spades) and Dostoevsky's paradoxalists develop. The Pushkin code in Dostoevsky's texts is what the images of characters are built on. It is a text-producing and plot-building technique and an element of literary discourse, of author-reader interactions. These techniques are used by Vladimir Nabokov in Despair and "The Visit to the Museum".

Purpose
This paper aims to examine the relationship between monetary policy and market interest rates. This paper examines the efficiency of interest rate channel used in monetary regulation as well as implementation of monetary policy under low interest rates. This paper examines and reviews the scientific literature published over the past 30 years to determine primary research areas, to summarize their results and to identify appropriate measures of monetary policy to be used in practice in changing economic environment.


Design/methodology/approach
This paper reviews 94 studies focused on the relationship between monetary policy and market interest rates in terms of meeting the goals of macroeconomic regulation. The articles are selected on the basis of Scopus citation and bibliometric analysis. A major feature of this paper is the use of text analysis (data preparation, frequency of terms and collocations use, examination of relationships between terms, use of principal component analysis to determine research thematic areas). Using the method of principal component analysis while studying abstracts this paper reveals thematic areas of the research. Thus, the conducted text analysis provides unbiased results.


Findings
First, this paper examines the whole complex of relationships between monetary policy of central banks and market interest rates. Second, this research reviews a wide range of literature including recent studies focused on specific features of monetary policy under low and negative rates. Third, this study identifies and summarizes the thematic areas of all the researches using text analysis (transmission mechanism of monetary policy, efficiency of zero interest rate policy, monetary policy and term structure of interest rates, monetary policy and interest rate risk of banks, monetary policy of central banks and financial stability). Finally, this paper presents the most important findings of the studied articles related to the current situation and trends on the financial market as well as further research opportunities. This paper finds the principal results of studies on significant issues of monetary policy in terms of its efficiency under low interest rates, influence of its instruments on term structure of interest rates and role of banking sector in implementation of transmission mechanism of monetary policy.


Research limitations/implications
The limitation of the review is examining articles for the study period of 30 years.


Practical implications
Central banks of emerging economies should apply the instruments and results of the countries' monetary policies reviewed in this paper. Using text analysis this paper reveals the main thematic areas and summarizes findings of the articles under study. The analysis allows presenting the main ideas related to current economic situation.


Social implications
The findings are of great value for adjusting the monetary policy of central banks. Also, these are important for people because these show the significant role of monetary policy for the economic growth.


Originality/value
Using text analysis this paper reveals the main thematic areas (transmission mechanism of monetary policy, efficiency of zero interest rate policy, monetary policy and term structure of interest rates, monetary policy and interest rate risk of banks, monetary policy of central banks and financial stability) and summarizes findings of the articles under study. The analysis allows defining the current ideas relevant to the monetary policy of developing countries. It is important for central banks because it examines the monetary policy problems and proposes optimal solutions.

The article represents an analysis of the educational possibilities of
amplification of pedagogical students' knowledge of Pedagogy and Methods of
Teaching Physics which is taken as one of the major tools of development the
meanings of professional activity among future teachers. The role of active methods
of the integrated training in the process of development of meanings of their
professional activity is characterized.

In this study, a relationship between the mood of news and the response of the oil and gas industry index of the Russian Federation was revealed. The empirical base of the study included 8.5 million news from foreign sources. Research methodology: fuzzy sets, naive Bayesian classifier, Pearson correlation coefficient. As a result of the research, it was discovered that: 1) negative news affects the stronger than the positive on the stock index; 2) news on companies affect the value of the index, and news on the industry affect the volume of trading; 3) the sanctions did not significantly affect the coverage of Russian oil and gas companies.

AbstractWe provide large‐scale empirical evidence on the effects of multiple governmental regulatory and health policies, vaccination, population mobility, and COVID‐19‐related Twitter narratives on the spread of a new coronavirus infection. Using multiple‐level fixed effects panel data model with weekly data for 27 European Union countries in the period of March 2020–June 2021, we show that governmental response policies were effective both in reducing the number of COVID‐19 infection cases and deaths from it, particularly, in the countries with higher level of rule of law. Vaccination expectedly helped to decrease the number of virus cases. Reductions in population mobility in public places and workplaces were also powerful in fighting the pandemic. Next, we identify four core pandemic‐related Twitter narratives: governmental response policies, people's sad feelings during the pandemic, vaccination, and pandemic‐related international politics. We find that sad feelings' narrative helped to combat the virus spread in EU countries. Our findings also reveal that while in countries with high rule of law international politics' narrative helped to reduce the virus spread, in countries with low rule of law the effect was strictly the opposite. The latter finding suggests that trust in politicians played an important role in confronting the pandemic.

The aim of the work is: 1. assessment of the impact of foreign direct investment (FDI) on the performance of domestic companies before and after the imposition of sanctions in the industry context; 2. Evaluation of the performance of export-oriented domestic companies during the period of sanctions. As the assessment methodology were used panel regression, calculation of the Malmquist index, DEA analysis, and calculation of spillover effects. The empirical base of the study included more than 65 thousand companies for 2012-2018. It was found that the highest efficiency of companies with FDI compared to companies without FDI was observed in the following sectors: metallurgical production, chemical production, retail. Export companies show higher rates than national enterprises.

Anti-Russian sanctions have become one of the key factors, determining the state of the Russian national economics in recent years. Financial restrictions against companies and residents, which constrict the possibility of raising foreign funding and limit cooperation with abroad investors, have become one of the sanctions' types. Such events could not but affect the state of the Russian financial market. The aim of the work under discussion is to estimate the impact of anti-Russian sanctions on the Russian financial market from 2014 till 2018. In order to achieve the stated objective the authors developed a system of indexes that allow quantitatively showing the sanctions imposed against Russia by different foreign countries. The indexes were calculated not only for all restrictions in total, but also for sanctions imposed by different groups of countries (USA, European Union and other countries). In addition, the developed indexes make it possible to take into account the degree of particular sanctions' impact based on the level of the object under sanctions. The stated indexes' analysis in relation to the variation of MOEX index allowed establishing the high degree of dependence of the Russian financial market's dynamics on the imposed sanction restrictions and justifying the proposed approach to indexes' calculation