Monetary Policy
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Belarusian Economic Review, Q2 2017
The Centre for Economic Research BEROC presents the next issue of the quarterly survey of the Belarusian economy.
In the current review:
BEROC. Belarusian economic research and outreach center -
The influence of financial stress on economic activity and monetary policy in Belarus
The paper determines episodes of financial stress in Belarus during 2004-2016 period using constructed financial stress index, and offers an analytical framework to evaluate the influence of financial turmoil on Belarus's economy, in particular economic activity and monetary policy.
BEROC. Belarusian economic research and outreach center -
Monetary policy and financial stability in Belarus: current statе, challenges and prospects
This work is devoted to the current state of monetary policy and banking sector of Belarus.
BEROC. Belarusian economic research and outreach center -
CASE Belarus Macroeconomic Review of Belarus (Is. 4, February 2016)
Quarterly issues of the Macroeconomic Review of Belarus represent the unique panorama in over 100 graphs and tables of the key economic indicators covering all sectors of Belarusian economy: real sector, fiscal sector, monetary sector, and external sector. There are less words, more data.
CASE Belarus -
Structural Breaks and the Dynamic Effects of Inflation and Growth Rates on Monetary Aggregates
The paper addresses the problem of determining the order of levels of inflation integration and growth rates on monetary aggregates as a result of multiple structural breaks on the dynamics of these economic variables.
BEROC. Belarusian economic research and outreach center -
Structural shifts in the dynamics of inflation and monetary aggregates in Belarus
The determination of structural shifts in the dynamics of macroeconomic indicators is an important aim for applied econometric analysis and prediction.
BEROC. Belarusian economic research and outreach center -
Dollarization and de-dollarization: formulation of agenda
This policy paper deals with the phenomena of dollarization and prospects of de-dollarization policies in Belarus. During last two decades Belarus has been a highly dollarized economy.
BEROC. Belarusian economic research and outreach center -
Belarusian economy in 2013: an attempt to reset the old model of growth
This work is devoted to the analysis of macroeconomic dynamics in Belarus in 2013. The year 2013 clearly demonstrated the weak growth potential of the Belarusian economy.
BEROC. Belarusian economic research and outreach center -
The mechanism of adjustment to changes in exchange rate in Belarus and its implications for monetary policy
Knowing the fair value of the Belarusian ruble is one of the most vital issues for economic agents in 2011. In the second half of 2010 an aggressive expansionary policy led to significant macroeconomic fluctuations. Since then, the pressure for the currency market has been progressing.
BEROC. Belarusian economic research and outreach center -
Macroeconomic Dynamics of Belarus in 2014: Monetary shock during stagnation
Weak long-term growth potential remains a priority concern of the Belarusian economy. One of the key elements of macroeconomic policy in 2014 remained exchange rate targeting regime. But this has increased the degree of conservatism of monetary and fiscal policy.
BEROC. Belarusian economic research and outreach center -
Liquidity and Monetary Policy in Belarus
High inflation and devaluation expectations after the 2011 currency crisis force Belarusian monetary authorities to seek non-conventional policy measures.
BEROC. Belarusian economic research and outreach center -
Evolutions in the Belarusian Economic System in 2010
There is a number of rumours about latest progress in economic transition and the attractiveness of doing business in Belarus.
CASE Belarus -
Belarusian economy: structural crisis
Growing Current Account Deficit in Belarus since 2007 accompanied by expansionary monetary and fiscal policies in 2010 has led the country to exchange rate collapse and prices boost in 2011.
CASE Belarus -
Macroeconomic Model for Analyzing the Effectiveness of Macroprudential and Monetary Policy
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How to Improve Monetary Policy in Belarus?
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The medium-term outlook for the Economy of Belarus after the balance of payments crisis
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Search for the optimal variant of monetary policy in Belarus: the result of a simple DSGE model