Model Of Inflation Processes In The Republic Of Belarus
AbstractThis 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.
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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0505002.
Length: 38 pages
Date of creation: 02 May 2005
Date of revision:
Note: Type of Document - pdf; pages: 38
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inflation; GDP deflator; consumer price index; producer price index; Belarus; cointegration;
Other versions of this item:
- Valery Chernookiy, 2006. "Model of Inflation Processes in the Republic of Belarus," The IUP Journal of Monetary Economics, IUP Publications, vol. 0(1), pages 50 - 74, February.
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-05-07 (All new papers)
- NEP-CBA-2005-05-07 (Central Banking)
- NEP-CIS-2005-05-07 (Confederation of Independent States)
- NEP-MAC-2005-05-07 (Macroeconomics)
- NEP-MON-2005-05-07 (Monetary Economics)
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- Fakhri, Hasanov & Khudayar, Hasanli, 2011. "Why had the Money Market Approach been irrelevant in explaining inflation in Azerbaijan during the rapid economic growth period?," MPRA Paper 29559, University Library of Munich, Germany.
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