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A New Keynesian Model of the Armenian Economy [electronic resource] Stepanyan, Ara.

Author/Creator:
Stepanyan, Ara.
Publication:
Washington, D.C. : International Monetary Fund, 2009.
Format/Description:
Government document
Book
1 online resource (43 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 09/66.
IMF Working Papers; Working Paper No. 09/66
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Local subjects:
Aggregate demand. (search)
Currency appreciation. (search)
Exchange rate. (search)
Exchange rate appreciation. (search)
Exchange rate depreciation. (search)
Exchange rate flexibility. (search)
Exchange rate movements. (search)
Exchange rate pass. (search)
Exchange rate shock. (search)
Exchange rate volatility. (search)
Exchange rates. (search)
Foreign currency. (search)
Higher rate of inflation. (search)
Independent central bank. (search)
Inflation. (search)
Inflation equation. (search)
Inflation target. (search)
Inflation targeting. (search)
Inflation targeting regime. (search)
Inward remittances. (search)
Macroeconomic stability. (search)
Monetary economics. (search)
Monetary policy. (search)
Monetary transmission mechanism. (search)
Nominal exchange rate. (search)
Nominal exchange rate depreciation. (search)
Nominal interest rate. (search)
Nominal interest rates. (search)
Nominal rate of return. (search)
Price level. (search)
Price of goods. (search)
Price stability. (search)
Rate of inflation. (search)
Rational expectations. (search)
Real exchange rate. (search)
Real exchange rate appreciation. (search)
Real exchange rate depreciation. (search)
Real exchange rate movements. (search)
Real exchange rates. (search)
Real interest rate. (search)
Real interest rates. (search)
Real variables. (search)
Relative prices. (search)
Terms of trade. (search)
Transfers of foreigners income. (search)
Armenia. (search)
Summary:
This paper develops a small open economy dynamic stochastic general equilibrium (DSGE) model of the Armenian economy. The structure of the model is largely motivated by recent developments in DSGE modeling, with key extensions to incorporate specific structural characteristics of the Armenian economy. The resultant model can be used to simulate monetary policy paths and help analyze the robustness of policy conclusions. The paper tests the model’s properties on Armenian data, demonstrating that the main stylized features relevant for monetary policy making are well captured by the model.
Notes:
Description based on print version record.
Contributor:
Dabla-Norris, Era.
Mkrtchyan, Ashot Anatolii.
Stepanyan, Ara.
Other format:
Print Version:
ISBN:
1451872135:
9781451872132
ISSN:
1018-5941
Publisher Number:
10.5089/9781451872132.001
Access Restriction:
Restricted for use by site license.