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A new Keynesian model of the Armenian economy /
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 econom...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2009.
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| Colección: | IMF working paper ;
WP/09/66. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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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| Descripción Física: | 1 online resource (43 pages) : illustrations (some color) |
| Bibliografía: | Includes bibliographical references (pages 42-43). |
| ISBN: | 1462369901 9781462369904 1282842870 9781282842878 1451872135 9781451872132 9786612842870 6612842873 1451993323 9781451993325 |