Azerbaijan, Baku, July 2 / Trend N.Ismayilova /
The Research and Development Center at the Central Bank of Azerbaijan (CBA) has developed new econometric models, which are of great importance for the analysis of macroeconomic processes and financial stability, the CBA reported.
These models include the assessment of the equilibrium real effective exchange rate of manat, and exchange rate discrepancies, inflation, the dynamic stochastic general equilibrium, aggregate output gap, the demand for money and model-testing macro-stress.
The widespread use of these models in the economic analysis will play a significant role in the better diagnosis and prognosis. These models are based on advanced international experience and at the same time take into account the peculiarities of the national economy.
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