Search results for Macroeconomics
Monetary Policy Puzzle in the Presence of a Negative TFP Shock and Unstable Expectations
The Belarusian economy has given birth to a very interesting phenomenon of extremely high real interest rates in a prolo…
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Higher Competition in the Domestic Market – A Way to Boost Aggregate Productivity
Competition is a good thing not only because of lower prices and larger variety. Higher competition in the domestic mark…
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The Anatomy of Recession in Belarus
After impressive growth in the 2000s, Belarus’ economy has since the currency crisis of 2011 stalled. Structural issues…
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Russia and Oil — Out of Control
Russia’s dependence on oil and other natural resources is well known, but what does it actually mean for policy makers’…
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Russia’s State Armament Plan of 2010 – The Macro View in mid-2016
Russian defense spending has increased significantly in recent years and reached over 4 percent of GDP in 2015 according…
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And the Lights Went Out – Measuring the Economic Situation in Eastern Ukraine
This policy brief evaluates the economic situation in war-affected Eastern Ukraine, focusing on how the conflict has inf…
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Intermediate and Capital Goods Import and Economic Growth in Belarus
This policy brief presents estimation results of the influence of intermediate and capital goods (ICGs) imports on GDP g…
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Is Local Monetary Policy Less Effective When Firms Have Access to Foreign Capital?
Central banks affect growth in part by raising or lowering the cost of investment through their influence over local int…
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Important Policy Lessons from Swedish-Russian Capital Flows Data
A recent study of capital flows between Sweden and Russia provides many policy lessons that are highly relevant for the…
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