Annual Report 2019
46
CENTRAL BANK OF ARMENIA
The research and analytical work, planned previously, continued
in 2019; the Center remains a venue for conducting research on new
subjects.
In-depth professional courses conducted by renowned specialists
from the best universities of the world and international organizations
were organized during the year. Messrs. Mattias Polborn, a professor
of economics at the Vanderbilt University, Aram Grigoryan, a lecturer
at the University of Illinois, Lawrence Christiano, a professor of
economics at Northwestern University USA, Douglas Laxton, a well-
known international expert, and Bruce Boghosian, a professor of the
Tufts University, visited the Dilijan TRC for sharing advice and giving
lectures.
The Central Bank's staff conducted joint research with:
International expert Douglas Laxton, on
"Analysis on Issues for Anchoring Long-Term
Inflation Expectations for Inflation-Targeting
Central Banks".
University of Zurich lecturer Vardges Levonyan, on
"The Impact of Supply Factors in the Mortgage
Market on Consumer Decisions".
Northwestern University lecturer, professor of economics,
IMF expert and industry leader Lawrence Christiano, on
"Financial Dollarization", which has been presented at
a number of conferences, including the Federal Reserve
Bank of Chicago.
The Central Bank's staff carried out an analysis in collaboration
with Stanford University postgraduates on how exchange rate shocks
are linked to financial dollarization. In the framework of joint programs
with the IMF, an analysis on multivariate filter estimation of potential
output for the United States was conducted and published as an IMF
working paper. There was also a research work on the level of financial
involvement and financial literacy.
During the year, research was done and communicated with the
representatives of the Republic of Armenia Government on:
Economic growth strategy,
Armenia's public debt and public investments,
ANNUAL REPORT 2019View entire presentation