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Record Nr. |
UNINA9910788337903321 |
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Autore |
Stepanyan Ara |
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Titolo |
A New Keynesian Model of the Armenian Economy / / Ara Stepanyan, Era Dabla-Norris, Ashot Mkrtchyan |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-6990-1 |
1-282-84287-0 |
1-4518-7213-5 |
9786612842870 |
1-4519-9332-3 |
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Descrizione fisica |
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Collana |
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Altri autori (Persone) |
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Dabla-NorrisEra |
MkrtchyanAshot |
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Soggetti |
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Inflation targeting - Armenia |
Monetary policy - Armenia |
Exports and Imports |
Foreign Exchange |
Inflation |
Macroeconomics |
Banks and Banking |
Neoclassical |
General Aggregative Models: Forecasting and Simulation |
Price Level |
Deflation |
Monetary Policy |
Central Banks and Their Policies |
Macroeconomics: Consumption |
Saving |
Wealth |
Remittances |
Interest Rates: Determination, Term Structure, and Effects |
Currency |
Foreign exchange |
International economics |
Finance |
Real exchange rates |
Exchange rates |
Consumption |
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Prices |
National accounts |
Real interest rates |
Financial services |
Economics |
International finance |
Interest rates |
Armenia, Republic of |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Bibliographic Level Mode of Issuance: Monograph |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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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. |
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