Abstract:
In this article, the econometric model of the inflation processes in the Republic of Belarus is discussed, which makes it possible to explain the major factors determining the dynamics of the GDP deflator, consumer price index and producer price index during the period of 1994-2003. For estimation of the model, the author uses statistical tools of the non-stationary time series econometrics Cointegration analysis and error-correction models. The model has good statistical properties. It demonstrates the stability of the coefficients and enables one to conduct an analysis of the various choices in the field of monetary and foreign exchange policies and also labor remuneration, prices and tariffs.
Date: 2006
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