Translation. Region: Russian Federation –
Source: Peter the Great St. Petersburg Polytechnic University –
An important disclaimer is at the bottom of this article.
The Northwestern Main Administration of the Bank of Russia held the 5th Economic Universiade for students majoring in economics. Teams from ten leading universities in St. Petersburg and the Leningrad Region participated in the competition. Fourth-year students from Peter the Great St. Petersburg Polytechnic University emerged victorious.
Participants faced an ambitious and challenging task: to assume the role of a central bank for two months, making key rate decisions under conditions as close to reality as possible. Using econometric models and daily updated data, the teams managed monetary policy within a DSGE model of a small open economy, maintaining inflation at a target level of four percent. The final in-person round attracted a record-breaking 11 teams. Those who advanced demonstrated not only a deep understanding of theory but also the practical effectiveness of their solutions.
The winning SPbPU team, consisting of fourth-year students majoring in Economics and Finance and Credit Ekaterina Avramenko, Anastasia Kiba, Anastasia Korableva, and Daria Churkina, brilliantly overcame all the challenges. Advancing to the finals and securing first place required the team to demonstrate in-depth analytical modeling, strategic thinking, coordinated work, and the ability to convincingly defend their position. The students built and calibrated complex econometric models, developed a balanced approach to key rate changes that takes into account both short-term trends and long-term stability goals, and established an effective distribution of roles for continuous data analysis. In the finals, before a jury of representatives from the Bank of Russia and the academic community, the SPbPU team not only presented impeccable quantitative results but also convincingly defended their chosen strategy, demonstrating an understanding of the regulator's real-world objectives.
Our students' victory in this prestigious competition, organized by the country's main financial regulator, is a testament to the high quality of education and the relevance of the knowledge acquired at the Polytechnic University.
"Our team's victory at the Bank of Russia's Economic Universiade is a logical result of the fundamental academic training students receive at the institute and their personal determination. "The students have proven that they can not only operate complex models but also think like true financial market strategists. We are proud of their achievement and are confident that this is only the beginning of their long professional journey," commented Vladimir Shchepinin, Director of the Institute of Industrial Management, Economics, and Trade.
Anastasia Korableva, a participant in the Universiade, shared her impressions: "My team and I were faced with a real regulatory challenge that needed to be addressed within a limited timeframe. We had to not only build an econometric model to ensure the target was met, but also develop a theoretical justification. It wasn't easy, but thanks to our coordinated teamwork and shared passion, we were able to achieve a fantastic result!"
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