Research


11.09.2011
Structural Breaks and Dynamic Characteristics of Inflation and Growth Rates of Monetary Aggregates
The paper addresses the problem of determining the order of integration of inflation and growth rates of monetary aggregates under the multiple structural breaks in dynamics of these variables.
20.08.2011
The Mechanism of Adjustment to Changes in Exchange Rate in Belarus and its Implications for Monetary Policy
This paper aims at visualizing adjustment mechanisms of the Belarusian economy to changes in exchange rate level and providing correspondent policy recommendations.