Monetary Policy Model of Tajikstan: A Structural Vector Autoregression Approach

M.Yusuf Tashrifov

International and Development Economics Working Papers from International and Development Economics

Abstract: Using the Structural Vector Autoregression (SVAR) method this paper analyses the effects of monetary policy on Tajikistan’s economy for the period 1996 to 2003. A number of restrictions are imposed and the contemporaneous and long-run restrictions model are used to identify the dynamic response of inflation and output to the monetary and exchange rate innovations. As a result these shocks are used to generate the structural impulse response and forecast error variance decomposition functions for assessing the dynamic impacts of monetary and exchange rate policies on country’s real sector variables.

JEL-codes: E31 E42 E52 E58 E60 (search for similar items in EconPapers)
Pages: 58 pages
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:idc:wpaper:idec05-9

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