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Alexander Plekhanov


Alexander Plekhanov is a Director for Transition Impact and Global Economics at the EBRD Office of the Chief Economist.

He edits EBRD’s annual economic report, the Transition Report, and Regional Economic Prospects. He has worked on global macroeconomic issues as well as a country economist on a number of countries, including Belarus, Kazakhstan, Mongolia and Russia.

Prior to joining the Bank, Alexander worked as an economist at the International Monetary Fund.


2006 - Ph.D. in Economics, University of Cambridge

Research interests

  • Fiscal policy, fiscal decentralisation
  • Commodity-based development and economic diversification
  • International trade and investment

Recent working papers

Plekhanov, Alexander, and Marta Skrzypinska, 2022, “Cross-border spillovers from reducing non-performing loans”, EBRD Working Paper 265.

Fisman, Raymond, Sergei Guriev, Carolin Ioramashvili and Alexander Plekhanov, 2021, "Corruption and Firm Growth: Evidence from around the World", Centre for Economic Policy Research Discussion Paper 16060.

Gamtkitsulashvili, Tea, Alexander Plekhanov and Alexander Stepanov, 2021, “Killing two birds with one stone? Sound investment with social impact”, EBRD Working Paper 253.

Koczan, Zsoka, and Alexander Plekhanov, 2021, "Scarred for life? Recession experiences, beliefs and the state", EBRD Working Paper 261.

Balgova, Maria, Alexander Plekhanov and Marta Skrzypinska, 2017, “Reducing non-performing loans: Stylized facts and economic impact”, paper presented at the American Economic Association meetings.

Georgiev, Yordan, Piroska Nagy-Mohacsi and Alexander Plekhanov, 2017, “Structural reform and productivity growth in Emerging Europe and Central Asia”, Asian Development Bank working paper 523.

Selected publications

Byrne, Kieran, and Alexander Plekhanov, 2021, "Education reforms and adult skills: Evidence from Estonia", Economics of Education Review, Vol. 82, 102106.

Gamtkitsulashvili, Tea, and Alexander Plekhanov, 2021, "Mobility and economic activity around the world during the Covid-19 crisis", Applied Economics Letters , 2001419 [WP version].

Belgibayeva, Adiya, and Alexander Plekhanov, 2019, “Does corruption matter for sources of foreign direct investment?” Review of the World Economy, Vol. 155, pp. 487-510.

Plekhanov, Alexander, and Florent Silve, 2018, “Institutions, innovation and growth: evidence from industry data”, Economics of Transition, Vol. 26, pp. 335-362. [WP version]

Freinkman, Lev, and Alexander Plekhanov, 2009, "Fiscal Decentralization in Rentier Regions: Evidence from Russia", World Development, Vol. 37, pp. 503–12.

Plekhanov, Alexander, and Raju Singh, 2006, "How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence", IMF Staff Papers, Vol. 53, pp. 426–52.

Selected book chapters

Bircan, Cagatay, Zsoka Koczan and Alexander Plekhanov, 2020, “Jobs at risk: Early policy responses to COVID-19 in emerging markets”, in Djankov, S., and U. Panizza, eds, “Covid-19 in developing economies”, Centre for Economic Policy Research.

Eight things you should know about middle-income transitions, EBRD report, 2019 [editor]

Koczan, Zsoka, Alexia Latortue, Caroline Pearce and Alexander Plekhanov, 2019, “Creating livable Cities: Emerging Europe, Central Asia and the Southern and Eastern Mediterranean”, in “Creating Livable Cities: Regional Perspectives”, Regional Development Banks’ Report

Diversifying Russia: Harnessing regional diversity, EBRD Report 2012 [editor]

Guriev, Sergei, Alexander Plekhanov, and Konstantin Sonin, 2012, ”Development Based on Commodity Revenues?”, in Bertrand Munier, ed., 2012, Global Uncertainty and the Volatility of Agricultural Commodity Prices, pp. 75–110.

Kumar, Manmohan S., Daniel Leigh, and Alexander Plekhanov, 2007, "Fiscal Adjustments: Determinants and Macroeconomic Consequences", in Fiscal Policy: Current Issues and Challenges, Bank of Italy, pp. 247–82.

Other publications


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