Nikolay Arefyev
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Part-time Instructional, Economics and Finance
- Macroeconomics
Contact Info
- Email: nikolay.arefyev@UND.edu
- Office: 701.777.2637
Office Address
Economics & Finance
Nistler Hall Room 330
3125 University Avenue Stop 8369
Grand Forks, ND 58202-8369
Biography
Nikolay Arefyev is an instructor of economics at the University of North Dakota. His teaching and research interests include macroeconomics, monetary policy, causal inference, structural econometrics, optimal taxation, economics of AI and automation
Before joining UND in 2026, he taught undergraduate and graduate courses at the Higher School of Economics in Moscow, including macroeconomics, economic growth, dynamic optimization, and numerical methods. He received multiple Best Teacher awards based on student votes.
He holds a Ph.D. in Economics from Université Paris 1 Panthéon-Sorbonne and an M.A. in Economics from the Higher School of Economics.
Fall 2026
ECON 202: Principles of Macroeconomics
Spring 2027 (planned)
ECON 505: Advanced Macroeconomics, Part II: Business Cycles
My research interests include macroeconomics, monetary policy, causal inference, and the identification of structural econometric models. My published work examines how monetary policy rules shape economic outcomes, develops methods for identifying causal relationships, and studies optimal capital taxation in the presence of rent seeking. I am particularly interested in connections between economic theory, econometrics, and computational methods.
My current interests also include the economic implications of artificial intelligence and automation, particularly how these technologies reshape production and labor markets and create new challenges for macroeconomic policy.
Selected Publications
Arefeva, A., & Arefyev, N. (2025). Playing by the Taylor rules or sticking to Friedman’s policy: A new approach to monetary policy identification. Economic Modelling, 143, 106966.
https://doi.org/10.1016/j.econmod.2024.106966
Arefyev, N., & Baron, T. (2019). Capital taxation and rent seeking. Revue d’économie politique, 129(5), 815–832.
https://doi.org/10.3917/redp.295.0815
• Best Teacher Awards, Higher School of Economics, 2012–2016. Selected through student voting.
• Research Supervision Award, Faculty of Economics, Higher School of Economics, 2008. Recognition for supervising undergraduate and graduate student research.
Ph.D. in Economics, Université Paris 1 Panthéon-Sorbonne, 2006
Specialization: Macroeconomics and optimal capital taxation
M.A. in Economics, Higher School of Economics, 1998