Central Bank of Armenia
Tigran Baghdasaryan began their work experience in 2005 at Acba bank OJSC as a Loan Specialist. After a few months, they transitioned to the Central Bank of Armenia in 2007 as an Economist-Statistician. In 2014, they were promoted to Head of Real Sector Statistics Division.
Tigran Baghdasaryan has a comprehensive education history in the field of economics and statistics. In 2013, they obtained a Master of Science (MS) degree in Economics from the American University of Armenia. Throughout their educational journey, Tigran has participated in various training programs and workshops conducted by renowned institutions such as the Deutsche Bundesbank, International Monetary Fund (IMF), European Central Bank (ECB), Banka Slovenije, Narodowy Bank Polski, and Bank of France.
In terms of the specific courses they have completed, Tigran has studied a range of topics including advanced topics in seasonal adjustment, translation of financial statements into statistics, short-term forecasting using dynamic factor models, inclusive growth, macroeconometric forecasting, compilation basics for macroeconomic statistics, financial accounts, basic analysis of statistical time series, quarterly national accounts, price and volume indices in official statistics, the system of macroeconomic accounts statistics and the linkages, X-12-ARIMA-seasonal adjustment of economic data, economic indices construction methodology, financial programming, compilation and analysis of statistics in a central bank, and national accounts statistics.
Overall, Tigran's education history showcases their dedication to enhancing their knowledge and skills in the field of economics, particularly in areas related to statistical analysis and macroeconomic forecasting.
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Central Bank of Armenia
The Central Bank of Armenia (the CBA) is a legal entity empowered with state functions. Primary goal of the CBA is price stability in the Republic of Armenia. The CBA coordinates the primary goal with the Government of Armenia, as stipulated by the Armenian Law on State Budget, and approved by the National Assembly of Armenia. The CBA itself decides on the strategy of monetary policy it implements and target (intermediate and operational) indicators that are contained in the monetary policy program and subject to presentation to the National Assembly. The program outlines the main directions of the monetary policy and the monetary instruments which the CBA uses in order to fulfill its objectives. Coordination of monetary and fiscal policies is priority in developing and implementing the monetary policy. The coordination involves both opting for basic macroeconomic indicators and issues relating to short-term adjustment of liquidity by the CBA, disbursement of external financial inflows and issuance and allocation of T-bills by the Government. The CBA makes sure its activities are maximally transparent and open to public, which serve the best warrant for the general public's confidence in the monetary policy implemented by the CBA.