04591oam 22012974 450 991078833790332120230721045652.01-4623-6990-11-282-84287-01-4518-7213-597866128428701-4519-9332-3(CKB)3170000000055237(SSID)ssj0000940020(PQKBManifestationID)11523029(PQKBTitleCode)TC0000940020(PQKBWorkID)10947840(PQKB)10971230(OCoLC)650330965(MiAaPQ)EBC1605897(IMF)WPIEE2009066(EXLCZ)99317000000005523720020129d2009 uf 0engurcn|||||||||txtccrA New Keynesian Model of the Armenian Economy /Ara Stepanyan, Era Dabla-Norris, Ashot MkrtchyanWashington, D.C. :International Monetary Fund,2009.43 p. illIMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4519-1648-5 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2009/066Inflation targetingArmeniaMonetary policyArmeniaExports and ImportsimfForeign ExchangeimfInflationimfMacroeconomicsimfBanks and BankingimfNeoclassicalimfGeneral Aggregative Models: Forecasting and SimulationimfPrice LevelimfDeflationimfMonetary PolicyimfCentral Banks and Their PoliciesimfMacroeconomics: ConsumptionimfSavingimfWealthimfRemittancesimfInterest Rates: Determination, Term Structure, and EffectsimfCurrencyimfForeign exchangeimfInternational economicsimfFinanceimfReal exchange ratesimfExchange ratesimfConsumptionimfPricesimfNational accountsimfReal interest ratesimfFinancial servicesimfEconomicsimfInternational financeimfInterest ratesimfArmenia, Republic ofimfInflation targetingMonetary policyExports and ImportsForeign ExchangeInflationMacroeconomicsBanks and BankingNeoclassicalGeneral Aggregative Models: Forecasting and SimulationPrice LevelDeflationMonetary PolicyCentral Banks and Their PoliciesMacroeconomics: ConsumptionSavingWealthRemittancesInterest Rates: Determination, Term Structure, and EffectsCurrencyForeign exchangeInternational economicsFinanceReal exchange ratesExchange ratesConsumptionPricesNational accountsReal interest ratesFinancial servicesEconomicsInternational financeInterest ratesStepanyan Ara1472718Dabla-Norris Era1462136Mkrtchyan Ashot1472719International Monetary Fund.DcWaIMFBOOK9910788337903321A New Keynesian Model of the Armenian Economy3685584UNINA