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INFLATION TARGETING IN THE LONG RUN AS THE MOTIVATOR OF ECONOMIC DEVELOPMENT
Journal: International Scientific Journal "Internauka" (Vol.1, No. 64)Publication Date: 2019-02-15
Authors : Ayrumyan Artur Karapet;
Page : 17-21
Keywords : monetary policy; inflation targeting; economic growth; benefit; regression analysis;
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Abstract
The aim of this study was to test the relationship between inflation and GDP in the RA. Before we estimated this relationship we checked the order of integration of the variables. Finally, we can see that there is a negative relationship between inflation and GDP in the RA, at least in the short run, which is consistent with most of the theories that have been developed throughout the years.
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Last modified: 2019-10-29 19:31:35