Исследовательский Центр ИПМ
Kasrtyčnicki Ekanamičny Forum

Aliaksandr Zaretski

30 september 2014 Aliaksandr Zaretski

WP/14/02 Inflation Forecasting in Belarus

Forecasting inflation in Belarus is complicated due to frequent shocks affecting key inflation determinants. These shocks particularly result from the high amount of government regulation of the economy: both the direct regulation of prices, and the indirect influence on the exchange rate, interest rates, and other variables which drive inflation.

07 march 2014 Aliaksandr Zaretski

How to Improve Monetary Policy in Belarus?

In this discussion paper, the author considers the inflation targeting regime as a possible monetary policy alternative in Belarus

14 february 2014 Aliaksandr Zaretski

WP/14/01 Macroeconomic Model for Analyzing the Effectiveness of Macroprudential and Monetary Policy

In this paper, the author builds a new Keynesian DSGE model with banking sector that can be used to analyze the effectiveness of macroprudential and monetary policy alternatives.

11 january 2013 Aliaksandr Zaretski

WP/13/01 Short-Term Inflation Forecasting in Belarus

The paper outlines the methodology of obtaining inflation forecasts published in the bulletin “Belarus Short-Term Economic Trends: Inflation”.

18 september 2012 Aliaksandr Zaretski

WP/12/06 Search for the Optimal Monetary Policy in Belarus: The Results of a Simple DSGE Model

This paper employs the simple New Keynesian DSGE model and compares three possible monetary policy variants in Belarus based on inflation targeting.

24 august 2012 Aliaksandr Zaretski, Cyrus de la Rubia, Robert Kirchner

PP/02/12 The impact of the currency crisis on the Belarusian banking sector

The severe balance-of-payments/currency crisis in 2011 created major turbulences in the economy of Belarus. A negative impact of the crisis on the situation in the banking system is obvious.

05 june 2012 Aliaksandr Zaretski

WP/12/05 Methodology of Construction, Solution and Parameters Estimation of DSGE Models

This paper describes the methodology of the practical application of DSGE models, in particular the mechanism of finding optimality conditions, the log-linearization of model equations, solution of systems of linear difference equations with rational expectations, and the estimation of model parameters.

WP/12/03 Medium Term Perspectives for the Economy of Belarus after the Balance of Payments Crisis

The crisis of 2011 eliminated the imbalance that existed in the economy, but a large degree of uncertainty associated with the choice of the further economic policy still remains.

14 november 2011 Dzmitry KrukAliaksandr Zaretski

WP/11/01 Methodology of Construction of the Composite Index of Leading Indicators for Belarus

The aim of this paper is to construct a composite index of leading indicators for Belarus as a tool for economic decision-making in real time.

 Aliaksandr ZaretskiDzmitry Kruk, Robert Kirchner

PP/01/2011 Estimating the Equilibrium Exchange Rate in Belarus

The exchange rate of the Belarusian ruble has recently regained substantial attention. After serious balance-of-payments problems, the National Bank devalued eventually at the end of May 2011 the ruble versus the US-dollar by 56%. At the same time, this action has not restored order in the market, which is still not working properly.