Category: Uncategorized


The Potential of Using “Self-Interest” in Solving Social Problems

State goal-oriented programs are a usual tool of solving large-scale economic and social problems in Ukraine. However, the lack of money and responsibility for failing to reach the stated objectives have transformed this instrument of solving social problems into a mere declaration of intentions. In the meantime, the development of the theory of social investment has led to the emergence of new financial instruments in the developed countries, which are known as social impact bonds. They have a potential of becoming an efficient tool of solving social problems. Full text is available in Ukrainian and Russian.


VoxCheck of the Interview with Dmytro Vovk for the “Nashi Hroshi” Program

The “Nashi Hroshi with Denys Bigus” project has talked about the coal market and the activities of the National Energy and Utilities Regulatory Commission with its head, Dmytro Vovk (27 years old). He assures that the Commission has become transparent, the coal market is identical to the gas market, and the imports of coal have been rising. The VoxCheck analysis has shown that this is not completely true. Full text is available in Ukrainian and Russian.


The Action Plan of the New Government: No Surprises?

Prime Minister Volodymyr Groysman has presented a new government action plan for 2016. VoxUkraine has compared the new program with the previous government’s plan and has outlined the key goals of the government. Read more to learn what reforms that were promised by Arseniy Yatsenyuk are not supported by Volodymyr Groysman. Full text is available in Ukrainian and Russian.


VoxUkraine Informal Audit FY 2015

By VoxUkraine supporters and contributors: Natasha Mueller, Vlad Honcharov, Vladislav Sochinsky Please see Financial Report of VoxUkraine for the Year 2015 here. We have volunteered to conduct an informal audit of the balance sheets of VoxUkraine and...


The VoxUkraine Brief: Russian Troops in Ukraine, the Struggle for the Country Foreign Debt Restructuring, Saakashvili Was Appointed the Odesa Region Governor

The long-known by the world but stubbornly denied by Putin presence of Russian troops in Ukraine this week received another proof — this time from a reputable international organization. Meanwhile, US highest officials and UK Queen provided their verbal support to Ukraine. On the Ukrainian government side — the struggle for the country foreign debt restructuring continues, while the former Georgian president M.Saakashvili was appointed the Odesa region governor.


Effects of Fiscal Shocks in a Globalised World

The effect of fiscal policy on aggregate economic activity is of key interest to policymakers and academics alike. However, identifying fiscal shocks in the data is challenging. This column uses daily data to evaluate the effect of government defence spending on forward-looking variables. The results indicate that government spending shocks lead to an appreciation of the domestic currency. This findings does not hold if low-frequency data are used instead.


What Lessons Can Ukraine Draw from the 1998 Russian Default

Voices on the inevitability of the country’s default began to spread among Ukrainian and international experts. The coming days will show whether this pessimistic scenario will become reality or not. The only certain thing is that Ukraine is experiencing a severe budget and debt crisis, which is very similar to that of the mid-1990’s Russia. Therefore, important question is whether Ukrainian government will make conclusions from the “Russian experience”?