Nonlinear Phenomena in Complex Systems, 2003, Vol.6, No.2, pp.639-645

NONLINEAR PHENOMENA IN COMPLEX SYSTEMS
An Interdisciplinary Journal

2003, Vol.6, No.2, pp.639-645

Forecasting of the Republic of Belarus Development Dynamics until 2015
Yury G. Imamutdzinau and Valery Ya. Asanovich

This article is the second step of the discussion of a nonlinear dynamic model of long-run development of the Republic of Belarus that was presented on the XI Annual Seminar Nonlinear Phenomena in Complex Systems. The model simulation results of the main macroeconomic indicators until 2015 are further discussed. The role of money in the process of economic development is extremely emphasized. We will try to single out the monetary interactions between business and financial sectors, which, as we have already determined, impact on the development of the economy of the Republic of Belarus in the long run.
Key words: nonlinear economic dynamics, long-run forecasting, economic development modelling, long-run monetary policy

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