In this paper we investigate how the annexation of Crimea by the Russian state affected the connection of Russian stock market with European and American ones using the novel media-based political uncertainly index. We gather Reuters news articles for the 10-year period and construct the time-series index of the political uncertainty using the…[Read more]

This paper is an attempt to take a step closer to understanding the institutions–happiness relationship. We provide one of the first studies on how institutions affect general life satisfaction across the wide set of Russian regions. Using individual panel data, as well as the range of estimates of institutions’ quality in 32 regions of Russia, w…[Read more]