MODEL OF INFLATION PROCESSES IN THE REPUBLIC OF BELARUS

Abstract: This paper discusses the econometric model of inflation processes in the Republic of Belarus which makes it possible to explain major factors determining the dynamics of the GDP deflator, consumer price index and producer price index during the period 1994 - 2003. For estimation of the model the author used the statistical tools of nonstationary time series econometrics: cointegration analysis and error-correction models. The model has good statistical properties, it demonstrates stability of the coefficients and enables one to conduct analysis of the various choices in the field of monetary and foreign exchange policies, as well as in the area of labour remuneration, prices and tariffs.

Keywords: inflation; GDP deflator; consumer price index; producer price index; Belarus; cointegration (search for similar items in EconPapers)
JEL-codes: E31 C32 P24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-cis, nep-mac and nep-mon
Date: 2005-05-02
Note: Type of Document - pdf; pages: 38

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http://129.3.20.41/eps/mac/papers/0505/0505002.pdf (application/pdf)

Related works:
Journal Article: Model of Inflation Processes in the Republic of Belarus (2006)
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