Annual Report 2019 slide image

Annual Report 2019

ANNUAL REPORT 2019 47 Alternatives to community development, financial involvement and funding. In 2019 the Central Bank carried out analyses on setting up a database on tax revenue and rates of taxation, on anchoring long- term inflation expectations for inflation-targeting central banks, and conducted research on the potential for tax revenues, elasticity and Laffer curve. The methodology for evaluating the "Financial Education at Schools" program was developed. The following working papers were published in 2019: “Do Remittances Worsen Export Diversification?” as a discussion paper, in Economics - ejournal. “Multivariate Filter Estimation of Potential Output for the United States: An Extension with Labor Market Hysteresis" as a working paper of the IMF. "Mind the Gaps! Work on Financial-Cycle Output Gaps and Monetary Policy-Relevant Output Gaps" as a working paper from the London School of Economics and Political Science, Institute for Global Affairs. "Yield Curve Estimation and Forecasting in Armenia", published in the Armenian Journal of Economics. "Nowcasting Real GDP Growth: Comparison between New and Old EU Countries" will soon be published in the Eastern European Economics. COOPERATION WITH I NTERNATIONAL ORGANIZATIONS INSTITUTIONAL DEVELOPMENT CENTRAL BANK OF OBJECTIVES THE REPUBLIC OF ARMENIA OTHER OBJECTIVES OF THE BANK MAIN
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