OREANDA-NEWS. July 14, 2010. Research and Development Center (RDC) of the Central Bank has developed new econometric models (models of assessment of balance level of real effective exchange rate of manat and inconformity of real exchange rate, estimation of sensibility of manat rate to inflation, forecasting of “foam” at the real estate market, inflation, dynamical stochastic general balance, overall deficit of passage, needs for money, and models of macro stress testing), having special significance in the investigation of macroeconomic processes and financial stability, reported the press-centre of CBA.

Wide application of the models in economic analysis will play important role in the comprehensive diagnostics and forecasting of economic processes.

Methodology of the models takes into account characteristics of national economy based on the international experience.

Models of macroeconomic and financial stability are placed in the sub-section named Research works and projects of the section named Editions and Researches on the web-site of the Central Bank: http://www.cbar.az/pages/publications-researches/research-and-development-center/research-issues-and-projects/