IMF Staff Country Reports

Republic of Belarus: Selected Issues

May 29, 2015

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Republic of Belarus: Selected Issues, (USA: International Monetary Fund, 2015) accessed September 19, 2024

Also available in: русский

Summary

This Selected Issues paper analyzes the causes of the high inflation in Belarus. It estimates the contribution of two factors: (1) exchange rate pass-through and (2) administrative price increases. Residual inflation is used as a gauge for inflation caused directly by demand pressures and inflation expectations. It is found that the administrative price increases are a key driver of inflation, even ahead of demand pressures, which also explain a large share of inflation. Although exchange rate pass-through is found to be high and fast, particularly for unregulated prices, its contribution to inflation has been comparatively modest in recent years owing to the stability of the exchange rate.

Subject: Consumer price indexes, Exchange rate pass-through, Exchange rates, Foreign exchange, Inflation, Price controls, Prices

Keywords: Consumer price indexes, CR, Eastern Europe, Exchange rate, Exchange rate pass-through, Exchange rates, Inflation, Inflation expectation, ISCR, Liberalization, Liberalized prices inflation, Pass-through, Pass-through inflation, Price, Price controls, Price dynamics, Price growth, Price inflation, Price liberalization, Regulated price inflation, Unregulated price

Publication Details

  • Pages:

    19

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2015/137

  • Stock No:

    1BLREA2015002

  • ISBN:

    9781513576534

  • ISSN:

    1934-7685

Notes