Ukraine: Selected Issues
July 9, 2008
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This Selected Issues paper analyzes the Ukrainian business cycle. It focuses on the price of steel—Ukraine’s major export—and its relation to the economic performance. It establishes a forecasting model for steel prices, which points to downside risks to steel prices. It discusses the effects of steel price fluctuations on economic activity and how policies might then mitigate them. The paper also develops core inflation indicators for Ukraine to better distinguish underlying from temporary influences on inflation.
Subject: Budget planning and preparation, Expenditure, Fiscal policy, Inflation, Metal prices, Prices, Public financial management (PFM)
Keywords: Budget planning and preparation, core inflation indicator, CR, expenditure target, Global, government, Inflation, ISCR, Metal prices, output gap, steel price, support government intention, Ukraine
Pages:
61
Volume:
2008
DOI:
Issue:
228
Series:
Country Report No. 2008/228
Stock No:
1UKREA2008002
ISBN:
9781451839135
ISSN:
1934-7685
