Inflation Expectations in Ukraine: A Long Path to Anchoring?

Journal Title: Visnyk of the National Bank of Ukraine - Year 2015, Vol 0, Issue 233

Abstract

We study survey data of inflation and exchange rate expectations in Ukraine. These data are available for households, firms and professional forecasters. We document some unique properties of these data as well as some limitations and discuss the longer run prospects for inflation expectations in Ukraine given the National Bank of Ukraine’s desire to adopt an inflation target in the future.

Authors and Affiliations

Olivier Coibion, Yuriy Gorodnichenko

Keywords

Related Articles

International Experience of Capital Flows Liberalization

In this research we concentrate on such instruments of regulatory policy as restrictions for capital flow and currency regulation. The study highlights the international experience of managing capital flows, considers th...

Independence of Central Banks in Commodity Economies

This article introduces the hypothesis that resource-rich countries display a low degree of central bank independence (CBI). This hypothesis is proven based on multivariable regression, but the influence of resource fact...

A Financial Stress Index for Ukraine

In this paper, we develop a daily Financial Stress Index (FSI) for the comprehensive quantitative measurement of the degree of stress in Ukraine’s financial system. We use 14 individual indicators grouped into four sub-i...

Central Bank Independence and Financial Stability: Orthodox and Heterodox Approaches

Abstract This study argues that post-crisis discussions on central bank independence are less about a choice of a level of independence but more about a relation between the independence and the central bank mandate in...

Applications for DSGE Models in Central Banking: Key Issues Explored During Research Workshop of the National Bank of Ukraine

This paper reviews a research workshop that was held by the National Bank of Ukraine (NBU) in November 2018 on the application of DSGE models in central banking. We summarize the discussion of the advantages and drawback...

Download PDF file
  • EP ID EP426761
  • DOI 10.26531/vnbu2015.233.006
  • Views 129
  • Downloads 0

How To Cite

Olivier Coibion, Yuriy Gorodnichenko (2015). Inflation Expectations in Ukraine: A Long Path to Anchoring?. Visnyk of the National Bank of Ukraine, 0(233), 6-23. https://europub.co.uk./articles/-A-426761