Macroeconomic policy after the monetary crisis: challenges and prospects

Statistics
Reads: 933
Downloads: 6
Summary 

This paper focuses on economic policy in Belarus in the aftermath of the currency crisis of 2011. It shows that, along with the prerequisites for an enabling policy and there was a serious obstacle - the high and volatile inflation expectations. This predetermined the choice of authorities' economic policy in favor of stabilisation growth in the first half of 2012. During this period the economy grew due to external demand, which was necessary to strengthen the macroeconomic equilibrium. A positive shock as a result of export of solvents and diluents played an important role in that period. It helped to ensure the growth of GDP in the first half of the year and provided conditions for catch-up growth in domestic demand.

Authors
Sector 
Year 
2013
Download full text 
AttachmentSize
Download 523.14 KB
Last updated 04.01.2016
Found an error? Select error with your mouse and press Ctrl + Enter
You are reporting a typo in the following text:
Simply click the "Send typo report" button to complete the report. You can also include a comment.