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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Hlavní autor: Dabla-Norris, Era
Další autoři: Floerkemeier, Holger
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2006.
Edice:IMF Working Papers; Working Paper ; No. 2006/248
On-line přístup:Full text available on IMF