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Sustaining Low Inflation in Ukraine

By Volodymyr Hryvniv, Malgorzata Jakubiak, Mykyta Mykhaylychenko, Oksana Novoseletska, Wojciech Paczynski and Przemyslaw Wozniak


This publication presents the collection of papers written in 2004 within the project that aimed to broaden the knowledge about sources of inflation in Ukraine and indicate policies that can support low inflation in the future. While working on analyses of monetary policies and inflation, the authors used the experience of other transitional countries, Polish in particular. The project team1 hopes that the research gathered in this volume will contribute to the understanding of the sources of inflation in Ukraine and to the influence of monetary policy instruments on other variables. And that the results presented here can be of practical use for the National Bank of Ukraine.Ukraine, transition, monetary policy, inflation, core inflation, financial market, monetary transmission

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  1. (2005). Analysis of Core Inflation Indicators in Ukraine. In: Jakubiak (ed.) Sustaining Low Inflation in Ukraine.
  2. (2002). Core inflation: concept and some methods of calculation,
  3. Eric (2000) Notes on Structural VAR Modeling,
  4. (2002). Investigating the Liquidity Effect in the Ukrainian Interbank Market,
  5. (2002). Iryna and Yriy Gorodnichenko
  6. (2001). Monetary policy of economic growth in the transitional economy. Shevchenko National University, Kyiv, PhD dissertation. (Грошово-кредитна політика економічного зростання у трансформаційній економіці).
  7. (2005). Monetary Transmission in Europe: Lessons for Ukraine In: Jakubiak (ed.) Sustaining Low Inflation
  8. (2003). Monetary Transmission in Ukraine: is there a Broad Credit Channel,
  9. (1999). Roman Tyrkalo
  10. (2000). Some methodological aspects of building and exploiting model of monetary transmission mechanism in Ukraine.
  11. (1996). The Channels of Monetary Transmission: Lessons for Monetary.
  12. (2001). The effect of monetary policy on industrial production, inflation and real exchange rate in Ukraine during 1994-2000,
  13. (2002). The exchange rate in the monetary transmission mechanism,
  14. (2004). Ukrainian Money Market (Mechanisms of Monetary Policy Influence on the Economy),
  15. (2005). Ukrainian Money Market. In: Jakubiak (ed.) Sustaining Low Inflation
  16. (2003). Wojciech Paczyński & Łukasz Rawdanowicz

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