The policy papers are the joint product of the German Advisory Group for Economic Reforms in Ukraine and the IER aimed at providing economic policy recommendations to Ukraine’s policy makers. The recommendations are based on the careful analysis of Ukraine’s situation, state-of-the-art economic theory, and best international practices. The papers are available for policy makers and – with some time lag – for general public.
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The National Bank of Ukraine (NBU) is currently in a transition phase towards Inflation Targeting (IT). While this fundamental change in its monetary policy strategy is highly commendable, it nevertheless requires significant changes in the governance framework.