Author/Editor: Nils Mæhle, Tibor Hlédik, Mikhail Pranovich, Carina Selander.

Release Date:December, 2021

This paper takes stock of forecasting and policy analysis system capacity development (FPAS CD), drawing extensively on the experience and lessons learned from developing FPAS capacity in the central more...

Author/Editor: Philippe D Karam, Mikhail Pranovich, Jan Vlcek.

Release Date:October, 2021

We extend a modern practical Quarterly Projection Model to study credit cycle dynamics and risks, focusing on macrofinancial linkages and the role of macroprudential policy in achieving economic and more...

Author/Editor: Jan Vlcek, Mikhail Pranovich, Patrick Hitayezu, Bruno Mwenese, Christian Nyalihama.

Release Date:December, 2020

National Bank of Rwanda (BNR) modernized monetary policy and transited to the price-based policy framework in January 2019. The Forecasting and Policy Analysis System (FPAS) is the cornerstone for more...

Author/Editor: Karel Musil, Mikhail Pranovich, Jan Vlcek.

Release Date:December, 2018

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 more...

Author/Editor: Alex Miksjuk, Sam Ouliaris, Mikhail Pranovich.

Release Date:December, 2015

Belarus experienced a sequence of currency crises during 2009-2014. Our empirical results, based on a structural econometric model, suggest that the activist wage policy and extensive state program more...