Presentations
24.12.2016
The Belarus Economy: Macroeconomic environment and policy dilemmas
Summary:
- Changes in policy mix does not mean changes in the model
- Short-term view: Old model + new policies =recession + gains in price and financial stability
- Medium-term view: Old model + new policies =
a) stagnation + financial fragility (optimistic)
b) self-maintained recession + financial turmoil