Republic of Belarus: Selected Issues
Volume/Issue:
Volume 2006
Issue 315
Publication date: August 2006
ISBN: 9781451805253
$15.00
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Topics covered in this book
This title contains information about the following subjects.
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Exports and Imports , Inflation , Economics- Macroeconomics , ISCR , CR , headline CPI inflation , terms-of-trade fluctuation , inflation forecast , inflation development , inflation process , inflation persistence , inflation variability , underlying inflation , Terms of trade , Inflation , Consumer price indexes , Price controls , Factor models , Central Asia , Eastern Europe , Europe , Asia and Pacific
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Summary
The analysis of inflation developments in Belarus is hampered by widespread price controls. Persistence of common inflation is generally higher than that of actual inflation. Factor analysis assumes that covariation among time series can be explained by a few unobserved shocks (factors). The dependent variable in our estimations is growth in real GDP per capita in purchasing power parity (PPP) terms, while the explanatory variable of interest is the annual rate of change in the terms of trade.
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