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Open Research Seminar: The impact of fiscal policy on GDP and inflation in Ukraine

19 September 2018

Press Release


On 27 September 2018, a traditional open research seminar will take place in the National Bank of Ukraine. The NBU researcher Artem Vdovychenko will present his research on "How Does Fiscal Policy Affect GDP and Inflation In Ukraine?"


In his paper, Artem Vdovychenko applies the Blanchard-Perotti approach to estimate the impact of fiscal policy on GDP and inflation in Ukraine. The results show that fiscal multipliers in Ukraine in absolute values are higher for budget expenditures than for taxes. Moreover, both budget expenditures and taxes have a positive impact on inflation.


Artem Vdovychenko is a researcher of the NBU’s research unit at the Department of Monetary Policy and Economic Analysis. He holds PhD from the National University of The State Tax Service of Ukraine. His research interests cover a wide range of topics in macroeconomics, fiscal policy, and application of non-linear time series models.


The seminar’s working language will be English.


Seminar venue: room 206, 9, Instytutska St., Kyiv. The venue can be accessed via the central entrance.


The seminar starts at 2 p.m. Registration of participants will take place from 1.45 p.m. to 1.55 p.m. To be admitted into the NBU, which is a restricted access facility, you must show your ID.


In order to participate in the seminar, please submit an application stating your forename, surname, place of employment, and contact details (telephone, e-mail) to research@bank.gov.ua. The application deadline is 4 p.m. on 26 September 2018. Given the limited number of available seats, the NBU reserves the right to accept or reject applications. Each participant will receive an email saying whether their application has been accepted or rejected.


The NBU invites researchers to present findings of their studies on issues related to the NBU’s activities and the operation of the financial system at the NBU’s research seminars. Email your proposals (stating a desired seminar date, presentation materials, an executive summary and/or draft contributions) to the NBU Research Division of the Monetary Policy and Economic Analysis Department (email: research@bank.gov.ua).


The materials of previous open research seminars are available at link.


The NBU launched open research seminars in July 2015. These seminars provide an opportunity to the representatives of the academic and expert community, international financial institutions, other central banks, and the NBU to share their research findings, and to discuss them with their peers.

Last modification   19.09.2018