IDEAS home Printed from https://ideas.repec.org/a/zag/zirebs/v11y2008i1p13-36.html
   My bibliography  Save this article

The Design of Monetary Policy in a Small Transitional Economy: The Case of Tajikistan

Author

Listed:
  • Yusuf Tashrifov

    (National Bank of Tajikistan, Dushanbe, Tajikistan)

Abstract

Using the Structural Vector Autoregression (SVAR) method this paper surveys the effect of monetary and exchange rate policies on Tajikistan’s economy for the period 1996 to 2004. 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.

Suggested Citation

  • Yusuf Tashrifov, 2008. "The Design of Monetary Policy in a Small Transitional Economy: The Case of Tajikistan," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 11(1), pages 13-36, May.
    • Handle: RePEc:zag:zirebs:v:11:y:2008:i:1:p:13-36
    as

    Download full text from publisher

    File URL: http://www.efzg.hr/default.aspx?id=10013
    Download Restriction: Abstract only available on-line
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Svetlana Vtyurina & Fahad Alturki, 2010. "Inflation in Tajikistan: Forecasting Analysis and Monetary Policy Challenges," IMF Working Papers 2010/017, International Monetary Fund.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zag:zirebs:v:11:y:2008:i:1:p:13-36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jurica Šimurina (email available below). General contact details of provider: https://edirc.repec.org/data/fefzghr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.