This paper deals with economic policy in Belarus after the currency crisis of 2011. There was a trade-off between the desire of the government to soften economic policy given cyclical recession and high and volatile inflation expectations. In the first half of 2012, the choice was made in favor...

We estimate equivalence scales for households in Belarus. The calculations are based on the data from the Sample Survey of Households in 2010. The calculation of equivalence scales is done through regression estimate of the Engel curve. This method is widely used and, in contrast to the method...

This study deals with Belarusian macroeconomic dynamics in 2013. The problem of poor growth potential remains important in 2013. Nevertheless, the progress in structural reforms was scarce, as the government was too optimistic in respect to inertia growth mechanisms. Hence, 2013 is likely to be...

In 2011 Belarus has experienced a currency crisis and high inflation. The average real incomes decreased 15%. People with high incomes were mostly affected. The real incomes of the first income decile fell 30%. The retired were affected as well - their real incomes decreased 16.7%.