Armenia’s Radical New Monetary Policy Approach | Governor Martin Galstyan & Armen Nurbekyan

For access to econ community, consider   / moneymacro   or consider buying me a 'coffee' at https://ko-fi.com/moneymacro To get access to my teaching check out: https://school.moneymacro.net/ LIKE CHATTING ECON WITH ME? △ Follow me on Twitter:   / joerischasfoort   △ Follow me on LinkedIn:   / joeri-schasfoort   △ I have a private Discord server for Senior and Chief economist Patrons / members. Otherwise I sometimes hang out in two Discord servers: △ Unlearning Economics's server:   / discord   △ Capitalists server:   / discord   Timestamps: 0:00 - introduction 3:11 - history of central banking Armenia 11:06 - how CBs set the interest rate 12:57 - why a policy system is needed 28:10 - if there is no system 35:02 - why a new system is needed 42:14 - Bernanke's Bank of England review 44:37 - the problem with CB forecasts 49:51 - Armenia's Russia Ukraine example 52:15 - Scenarios for Armenia's Future 1:00:35 - The Advantage of Scenario Thinking 1:06:11 - Extreme Scenarios 1:11:15 - conclusion MAIN CHANNEL:    / moneymacro   Guest: Host: Dr. Joeri Schasfoort @Money & Macro ​ Guests: governor Martin Galstyan and deputy governor Armen Nurbekyan