01742cas a2200241 a 4500 AALejournalIMF015263 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513576534 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Republic of Belarus : Selected Issues. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (19 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/137 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/137/002.2015.issue-137-en.xml IMF e-Library