Republic of Belarus: Selected Issues Paper

International Monetary Fund

No 2011/069, IMF Staff Country Reports from International Monetary Fund

Abstract: The Belarus authorities are moving in the direction of a flexible exchange rate system supported by an inflation-targeting (IT) regime, which would have significant benefits for the economy. A full-fledged IT framework (FFIT) requires a number of essential building blocks, which could be viewed as components of sound macroeconomic management. There are three additional features that could interfere with the IT regime. Some of the building blocks are essentially prerequisites for a successful launch of the IT regime; others could be developed (or fine-tuned) during early stages of IT implementation.

Keywords: ISCR; CR; subsidy; investment; NBRB; IMF staff estimate; market; housing construction subsidy; machinery investment; subsidy program; income quintile; Belarusian authorities; Housing; Income; Inflation targeting; Monetary transmission mechanism; Income distribution; Global (search for similar items in EconPapers)
Pages: 34
Date: 2011-04-29
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