Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/324619 
Autor:innen: 
Erscheinungsjahr: 
2024
Quellenangabe: 
[Journal:] Central European Economic Journal (CEEJ) [ISSN:] 2543-6821 [Volume:] 11 [Issue:] 58 [Year:] 2024 [Pages:] 329-345
Verlag: 
Sciendo, Warsaw
Zusammenfassung: 
The study evaluates the effectiveness of monetary policy regimes that can serve as the basis for economic policy strategies in emerging economies. Based on the macroeconomic gap model for Belarus, simulations of the strong shock impact on the economy using different monetary policy regimes have been implemented. The effects of capital flow restrictions on the stabilization capacity of monetary policy regimes have been examined. Given the existing sanctions and internal capital controls, the most preferable regime for Belarus is a flexible inflation targeting. In transforming the economy and political system towards the inclusivity of political and economic institutions, applying a flexible price-level targeting can be considered.
Schlagwörter: 
monetary policy
inflation
price level
interest rate
gap model
JEL: 
C32
E31
E52
Persistent Identifier der Erstveröffentlichung: 
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