Author: Dmitry Kruk, BEROC. As of today, a majority of the negative consequences of the deep Belarusian currency crisis of 2011 seem to have been realized. Hence, the Belarusian economy is now ‘purified’ from main macroeconomic distortions and has a chance for sustainable long-term growth. Nevertheless, there are signals that some nominal and real inertia may [...]
Archive | February, 2012
Is Regional Policy Effective in the Long Run? Learning from Soviet History
February 20, 2012
Author: Tatiana Mikhailova, NES Regional inequality has been a pressing issue in many countries, and also between the countries of the European Union. Unequal economic development, where some regions develop successfully and prosper while other regions stagnate, is often viewed as a source of social instability and economic inefficiency. Many kinds of regional policy have [...]
Who Needs a Safety Net?
February 13, 2012
Author: Norberto Pignatti, ISET. One definition of safety net found on the internet is the following: “a net placed to catch an acrobat or similar performer in case of a fall”. This brings to my mind the thrilling performances I saw at the circus when I was a child and I have to admit in [...]
The Distributional Impact of Austerity Measures in Latvia
February 6, 2012
Author: Olga Rastrigina and Anna Zasova, BICEPS. For a country of its size, Latvia was mentioned in the last decade’s macroeconomic discourse remarkably often: first, for its exceptional growth up to 2007, then – for a dramatic GDP contraction in the aftermath of the 2008 financial crisis, and for the so-called “internal devaluation” policy that [...]
February 27, 2012
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