Feasibility study on adopting inflation targeting in Azerbaijan아제르바이잔의 인플레이션타겟팅제도 도입타당성에 관한 연구

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This paper investigates the monetary transmission in Azerbaijan considering need for modernization of the current monetary policy framework. After discussing pre-conditions for successful move to an inflation targeting (IT) regime, the paper examines whether there is efficient monetary transmission mechanism in the economy. Employing vector autoregressive (VAR) approach the paper finds that monetary policy has limited influence on output and inflation as the interest rate channel remains weak. In contrast, the exchange rate channel has greater impact on the inflation rate, as in other transition countries. Azerbaijan can move to IT as soon as the authorities focus solely on inflation and set up a more pronounced transmission mechanism.
Advisors
Kim, Joo Hoon김주훈
Description
한국과학기술원 :금융MBA,
Publisher
한국과학기술원
Issue Date
2017
Identifier
325007
Language
eng
Description

학위논문(석사) - 한국과학기술원 : 금융MBA, 2017.8,[iv, 47 p. :]

Keywords

Azerbaijan▼amonetary policy▼atransmission mechanism▼ainflation targeting; 아제르바이잔▼a통화(화폐) 정책▼a전송 메커니즘▼a물가안정목표제

URI
http://hdl.handle.net/10203/242804
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=719392&flag=dissertation
Appears in Collection
KGSF-Theses_Master(석사논문)
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