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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| 格式: | 雜誌 |
| 語言: | English |
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Washington, D.C. :
International Monetary Fund,
2006.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2006/248 |
| 在線閱讀: | Full text available on IMF |