Tashrifov, Mohammad-Yusuf2010-10-272010-12-202010-10-272010-12-20Tashrifov, Y. (2005). Monetary policy model of Tajikstan: A structural vector autoregression approach. International and Development Economics Paper 05-9. Canberra, ACT: Crawford School of Economics and Government, The Australian National University.JEL Classification: E31, E42, E52, E58 and E60.http://hdl.handle.net/10440/1195http://digitalcollections.anu.edu.au/handle/10440/1195Using the Structural Vector Autoregression (SVAR) method this paper analyses the effects of monetary policy on Tajikistan’s economy for the period 1996 to 2003. 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.58 pagesAuthor owns the copyright. Permission granted to archive the paper and make it publicly availablemonetary and exchange rate policiesinflationoutputStructural Vector Autoregression (SVAR)Tajikistan2005