01720cas a2200265 a 4500 AALejournalIMF005705 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451872132 1018-5941 BD-DhAAL BD-DhAAL Stepanyan, Ara. A New Keynesian Model of the Armenian Economy / Ara Stepanyan, Era Dabla-Norris, Ashot Mkrtchyan. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (43 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper develops a small open economy dynamic stochastic general equilibrium (DSGE) model of the Armenian economy. The structure of the model is largely motivated by recent developments in DSGE modeling, with key extensions to incorporate specific structural characteristics of the Armenian economy. The resultant model can be used to simulate monetary policy paths and help analyze the robustness of policy conclusions. The paper tests the model's properties on Armenian data, demonstrating that the main stylized features relevant for monetary policy making are well captured by the model. Mode of access: Internet Dabla-Norris, Era. Mkrtchyan, Ashot. IMF Working Papers; Working Paper ; No. 2009/066 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/066/001.2009.issue-066-en.xml IMF e-Library