Series: IMF Working Papers
Author(s): Armine Khachatryan , David Grigorian , and Grigor Sargsyan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2004
Keywords: price dynamics, error correction model, inflation, foreign exchange, money market, central bank, Money and Interest Rates, Central Banking, and the Supply of Money and Credit, Macroeconomic Aspects of International Trade and Finance,
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, mone...