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Republic of Belarus: Selected Issues Paper
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 069
Language:
English
Publication Date:
29 Apr 2011
DOI:
https://doi.org/10.5089/9781455252268.002
ISBN:
9781455252268
ISSN:
1934-7685
Pages:
34
Keywords:
ISCR; CR; subsidy; investment; NBRB; IMF staff estimate; market; housing construction subsidy; machinery investment; subsidy program; income quintile; Belarusian authorities; Housing; Income; Inflation targeting; Monetary transmission mechanism; Income distribution; Global
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The Belarus authorities are moving in the direction of a flexible exchange rate system supported by an inflation-targeting (IT) regime, which would have significant benefits for the economy. A full-fledged IT framework (FFIT) requires a number of essential building blocks, which could be viewed as components of sound macroeconomic management. There are three additional features that could interfere with the IT regime. Some of the building blocks are essentially prerequisites for a successful launch of the IT regime; others could be developed (or fine-tuned) during early stages of IT implementation.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund