Exchange Rate, Money, and Wages : What is Driving Prices in Armenia? /

This paper is the first attempt to look at inflation dynamics and monetary transmission mechanisms in Armenia in the context of a full information model containing three interrelated markets: foreign exchange, money, and labor. Using the vector error correction model (VECM) approach, we find that th...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Khachatryan, Armine
Weitere Verfasser: Grigorian, David, Sargsyan, Grigor
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2004.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2004/229
Online Zugang:Full text available on IMF