Author: Igor Pelipas, BEROC. Generally speaking, inflation persistence can be defined as the speed at which inflation returns to its equilibrium level after a shock. Since 1995, the dynamics of inflation in Belarus is affected by the various internal and external shocks, which, in turn, cause the structural breaks in the corresponding historical data. The [...]
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Do Economic Sanctions Work?
March 19, 2012
Author: Maria Perrotta, SITE. Analysts have interpreted the recent openings in Myanmar and North Korea as the finally successful result of years of international pressure and economic sanctions. At the same time, debate is hot on the scope for similar measures in Iran, Syria and, closer to us, Belarus and Hungary. Does economics have anything [...]
Inflation Expectations and Probable Trap for Macro Stabilization
February 27, 2012
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 [...]
Privatization in Belarus – Obstacles and Perspectives
January 23, 2012
Author: Maria Akulava, BEROC. For a long time Belarus considered privatization as a minor factor in influencing the economy’s development, competitiveness and effectiveness. The former economic model relied on concessional loans and donations from Russia and various international organizations. The 2011 financial crisis led to the breakdown of this model and forced the authorities to [...]
Multidimensional Approach to the Energy Security Analysis of Belarus – Part 2: Economic and Geopolitical Trends
October 17, 2011
Author: Mykhaylo Salnykov, BEROC Energy security is a complex phenomenon incorporating a variety of economic, social and environmental aspects of a country’s life. Building on a previous FREE policy brief, published on September 5, which dealt mainly with the situation up until today, this text deals more with the future. It takes a detailed look [...]
A Multidimensional Approach to Energy Security in Belarus
September 5, 2011
Author: Mykhaylo Salnykov, BEROC. Energy security is a complex phenomenon incorporating a variety of economic, social and environmental aspects. This brief outlines fundamental aspects of energy security in Belarus that decision makers, policy analysts and the general public should be aware of when trying to understand the consequences for energy security of existing and suggested [...]
April 23, 2012
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