This paper analyzes the effects of child-care leave and maternity capital policies, and provides recommendations for Belarus.

This paper shows that the pension system of Belarus must be reformed and proposes the most effective reforms among all available alternatives.

Belarus currently has a relatively generous pay-as-you-go pension system, but population aging coupled with recent problems with economic growth will soon make it unsustainable. We build a rich OLG model of Belarusian economy, which shows that without reform the Pension Fund will run into persistent and growing deficit, which will reach 9 per cent of GDP by 2055. We also compute the fiscal projections of several parametric pension reforms.

In the recent decades aggregate labor productivity in the U.S. became countercyclical (labor productivity puzzle). At the same time the U.S. experienced dramatic changes in the structure of households due to increased female labor force participation.

This paper explores international experience of tax amnesties.

Liquidity and Monetary Policy in Belarus