Publications

Publications

Publications

Estimating Potential Output at the Central Bank of Armenia 2019-10-21 10:29

WP 19/4/08 Central Bank of Armenia Working Paper 19/4/08 Estimating Potential Output at the Central Bank of Armenia Hayk Karapetyan October 2019 Abstract Potential output and output gap are important concepts in many areas of economic policy. However they are unobservable and can only be measured with some...

List established under UNSC resolutions were amended 2019-10-14 17:10

On 11 October 2019, the Committee established pursuant to the UN Security Council resolutions 1267/1989/2253 approved amendments to the list of individuals and entities associated with ISIL (Da’esh) and...

Statistical overview (September. 2019) 2019-09-30 16:33

Statistical overview The Statistical Overview section of the monthly CBA Bulletin of the Central Bank of Armenia includes data on monetary, external, fiscal and real sectors, and data on RA payment and settlement system and financial system indicators. The data source of real sector (excluding core inflation) and external trade in goods is the Statistical Committee of the Republic of Armenia (http://www.armstat.am). The data source on fiscal, external sectors, monetary and financial...

INFORMATION On the Structure of International Reserves of the Republic of Armenia 2019 year, III quarter 2019-09-30 15:49

INFORMATION On the Structure of International Reserves of the Republic of Armenia 2019 year, III...

Statement of financial position as at 30 September 2019 2019-09-30 11:40

Statement of financial position as at 30 September...

Inflation report 2019/3 (Monetary Policy Program Q3, 2019, Status report on implementation of the Monetary Policy Program, Q2, 2019) 2019-09-24 07:04

Inflation report 2019/3 (Monetary Policy Program Q3, 2019, Status report on implementation of the Monetary Policy Program, Q2,...

«Centenary of Foundation of the History Museum of Armenia» collector coin is issued 2019-09-19 13:29

«Centenary of Foundation of the History Museum of Armenia» collector coin is issued The History Museum of Armenia (HMA) was founded in accordance with law №439 adopted on September 9, 1919 by the Parliament of the first Republic of Armenia. The HMA started on the basis of collections of the Armenian Ethnographical Association of the Caucasus, Nor Nakhijevan Museum of Armenian Antiquities, Museum of Antiquities of Ani, Vagharshapat Repository of Ancient Manuscripts. The first...

Set of fake silver collector coins dedicated to 80 years of death of Teodor Axentowicz is currently on sale on eBay 2019-09-17 13:08

Set of fake silver collector coins dedicated to 80 years of death of Teodor Axentowicz is currently on sale on eBay The Central Bank of Armenia informs that a set of silver collector coins dedicated to 80 years of death of Teodor Axentowicz, a Polish painter of Armenia origin, is currently on sale on eBay. The set consists of 9 coins, each of which depicts the coat of arms of the Republic of Armenia and its face value 100 dram, and has inscriptions in Armenian. The Central Bank of Armenia is...

«Five Years of Eurasian Economic Union» collector coin is issued 2019-09-12 13:38

«Five Years of Eurasian Economic Union» collector coin is issued The Treaty on the Eurasian Economic Union (EAEU) came into force on January 1, 2015. The EAEU member-states are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation. This jubilee year of 2019 marks the 5th anniversary of signing the EAEU Treaty and the 25th anniversary of envisioning the idea of Eurasian integration. In 2019, the regular meeting...

The Board of the CBA lowered the refinancing rate by 0.25 percent 2019-09-10 06:39

The Board of the CBA lowered the refinancing rate by 0.25% In the September 10, 2019 meeting the Board of the Central Bank of Armenia decided to reduce the refinancing rate by 0.25 pp to 5.5%. There was 0.4% deflation in August of 2019 as opposed to 0.6% inflation registered in the same period of the previous year, which continued to be largely driven by a deeper seasonal decline in prices of agricultural products. As a result, the 12-month inflation rate further reduced, reaching 0.6% at the...

Lists established under UNSC resolutions were amended 2019-09-09 17:13

On 06 September 2019, the Committee established pursuant to the UN Security Council resolution 2127 approved amendments to the list of individuals and entities associated with Central African...

Asymmetric effects of monetary policy in different phases of Armenia’s business cycle 2019-09-04 12:43

WP 19/3/08 Central Bank of Armenia Harvard University Working Paper 19/3/08 Asymmetric effects of monetary policy in different phases of Armenia’s business cycle Haykaz Igityan Monetary Policy Department September 2019 Abstract This paper develops empirical models and shows the presence of asymmetric responses of inflation and output in Armenia to the same size of positive and negative monetary policy shocks. Tight monetary policy yields more reduction in output...

(2019/2) Status Report on Implementation of the Monetary Policy Program (Q3, 2018 - Q2, 2019) 2019-08-30 22:05

(2019/2) Status Report on Implementation of the Monetary Policy Program (Q3, 2018 - Q2,...

Statistical overview (August. 2019) 2019-08-30 16:31

Multivariate Filter Estimation of Potential Output for the United States: An Extension with Labor Market Hysteresis 2019-08-26 11:15

Central Bank of Armenia Working Paper 19/1/12 Multivariate Filter Estimation of Potential Output for the United States: An Extension with Labor Market Hysteresis Ali Alichi, Hayk Avetisyan, Douglas Laxton, Shalva Mkhatrishvili, Armen Nurbekyan, Lusine Torosyan, and Hou Wang August 2019 Abstract This paper extends the multivariate filter approach of estimating potential output developed by Alichi and others (2018) to incorporate labor market hysteresis. This extension captures...