Transmission mechanisms of monetary policy in Armenia : evidence from VAR analysis

Transmission mechanisms of monetary policy in Armenia : evidence from VAR analysis /

This paper examines monetary policy transmission in Armenia in light of the authorities' intention to shift to an inflation-targeting regime over the medium term. We find that the capability of monetary policy to influence economic activity and inflation is still limited, as important channels...

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Bibliographic Details
Online Access: Full text (MCPHS users only)
Main Authors: Dabla-Norris, Era (Author), Floerkemeier, Holger (Author)
Format: Electronic eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, 2006
Series:IMF working paper ; WP/06/248.
Subjects:
Monetary policy > Armenia (Republic)
Transmission mechanism (Monetary policy) > Armenia (Republic)
Local Note:ProQuest Ebook Central
Table of Contents:
  • Contents
  • I. INTRODUCTION
  • II. IMPEDIMENTS FOR MONETARY POLICY TRANSMISSION IN ARMENIA
  • III. EMPIRICAL ANALYSIS
  • IV. SUMMARY AND POLICY CONSIDERATIONS
  • References

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