01:54, November 23, 2021
An International conference was held at GSEM UrFU
Graduate school of Economics and Management, Ural Federal University, successfully conducted an International Conference on “Future Outlook of Oil Market and Fiscal Stability” on 17&18 of November supported by RFBR and INSF (project No 20-510-56021). The Conference hosted participants from 13 countries, including Australia, the US, Turkey, the UK, India, Sweden, Pakistan, Bangladesh, Russia, Iran, Denmark, Germany and Indonesia, while more than 50 attended as listeners. Seven profound scholars from different countries, experts in the field of environmental economics, fiscal and monetary policy, finance and macroeconomics delivered their keynote speeches. Conference participants stressed the future of hydrocarbon economies, including their resilience to oil price shock, fiscal sustainability, fiscal adjustment, and green economy challenges, during an active discussion.
Prof. Dr Zhanna Belyaeva, Academic Director of GSEM and the head of the “International Economics and Business” program in GSEM, delivered the welcome speech and moderated the Conference on the first day. Alexey Zabotkin, Deputy Governor of the Russian Central Bank, explained the fiscal rule of Russia and features of monetary policy regarding exchange rate regulation and inflation targeting. Prof Shawkat Hammoudeh from Drexel University stressed the emerging oil-exporting policies in a small fiscal sphere. Prof Ugur Soytas, Technical University of Denmark, explained the linkage between societal wellbeing and energy use. Iranian researchers highlighted the fiscal stance and future of hydrocarbon economies, namely Iran and Russia. At the end of the first day, presenters and listeners enjoyed the workshop conducted by Prof. Ilhan Ozturk, editor of Renewable and Sustainable Energy Reviews. Prof Ilhan provided valuable instructions on publishing a research article in a quality journal.
Dr Kazi Sohag, Head of the Laboratory for International and Regional Economics, delivered the opening speech and moderated the Conference on the second day. The first keynote speaker of the second day was Prof. Hans Wiesmeth from the Saxon Academy of Sciences and Humanities in Germany. He highlighted the challenges and prospects of hydrocarbon economies, given the global transition to renewable energy and technological advancement coupled with the COVID19 Pandemic. Prof. Sergey Pekarski from High School of Economics in Russia explained the financial repression in a strategic fiscal and monetary policy interaction model. Prof Gazi Salah Uddin, Linköping University in Sweden, addressed the connections of green finance assets to commodity and sectoral stock markets.
Conference participants provided positive feedback about the Conference. They appreciated the high professionalism and competence of keynote speakers and other speakers and Conference publication opportunities. Note that Conference provided an opportunity to publish in Resources policy (IF=5.63, Q1) or in a Special Issue of Economic Research (IF =3.034, Q2). The successful accomplishment of the Conference on “Future Outlook of Oil Market and Fiscal Stability” inspired GSEM and grant members to organize the Conference in the next year, creating an excellent platform for knowledge dissemination.
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