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Information × Registration Number 0120U100396, R & D request Title Macroeconomic Effects of the Exchange Rate Fluctuations after a Switch to the Inflation Targeting Regime in 2015 Head Shevchuk Viktor Olexijovych, д.е.н. Registration Date 06-02-2020 Organization Lviv University of Trade and Economics popup.description1 Theoretical modeling and empirical assessment of permanent and stochastic changes in the exchange rate on main macroeconomic indicators, as inflation, gross domestic product, industrial and agricultural production, fiscal indicators, interest rate, exports and imports of goods and services, private consumption and investments etc. In the theoretical context, it is of particular interest to analyze different mechanisms of aggregate demand and aggregate supply in the dollarised economy with commodity exports and monetary-based expectations of the exchange rate. By the use of alternative econometric methods with both fixed and time-varying coefficients it is allowed to identify a likely modification of the functional relationships after a switch from the policy of de facto fixed exchange rate of hryvna to a full-fledged inflation targeting. Empirical results are supposed to provide with assessment of inflation targeting policy in Ukraine as an instrumental tool of attaining inflation and output equilibriums, especially in the aspect of exchange rate misalignments. It is particular interest to study such problems as (i) feasibility of keeping the National Bank of Ukraine reference rate at the restrictive level in order to achieve a low-inflation environment in a dollarised economy, (ii) implications of significant remittances from workers abroad for monetary indicators and expectations of exchange rate, (iii) magnitude of the absorption function of exchange rate. A multi-faucet assessment of the abovementioned issues implies study of the experience of the Central and Eastern European countries, former Soviet Union countries and several other countries with similar institutional and structural features, as Argentina, Brazil, Mexico and Chile. popup.nrat_date 2024-12-10 Close