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.

11.08.2011
The Impact of Directed Lending on Long-Run Growth in Belarus
The study deals with a specific form of financial repression peculiar to Belarus – a mechanism of directed loans.
| 20.07.2011
Foreign Investments: not just Attraction, but Effectiveness
This policy paper contains the analysis of the steps taken to attract foreign investments in Belarus in 2010.
Maksim Yemelyanau|Aliaksandr Amialchuk|Katerina Lisenkova|Mykhaylo Salnykov| 11.05.2011
Economic Determinants of Fertility in Belarus: a Micro-Data Analysis
This paper examines the determinants of births in Belarus in 1996-2007 by using detailed micro data from the Belarusian Household Budget Surveys (BHBS).