01823cas a2200265 a 4500 AALejournalIMF018882 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484385616 1018-5941 BD-DhAAL BD-DhAAL Musil, Karel. Structural Quarterly Projection Model for Belarus / Karel Musil, Mikhail Pranovich, Jan Vlcek. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (41 pages) IMF Working Papers <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 Belarusian authorities contemplate transiting to inflation targeting. The paper suggests a small structural model at the core of the forecasting and policy analysis system. A well-researched canonical structure of Berg, A., Karam, P. and D. Laxton (2006) is extended to capture specifics of Belarusian economy and macroeconomic policy. The modified model's policy block reflects a monetary targeting regime and allows for transition from it to an interest-rate-based framework. Adding wages, directed lending and dollarization allow for studying implications of activist wage policy, state program lending, and dollarization for macroeconomic stability and the strength of the policy transmission mechanism. Mode of access: Internet Pranovich, Mikhail. Vlcek, Jan. IMF Working Papers; Working Paper ; No. 2018/254 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/254/001.2018.issue-254-en.xml IMF e-Library