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Title: | Macroeconomic Adjustment in Armenia: The Role of External Factors | Authors: | VAN AARLE, Bas | Issue Date: | 2011 | Source: | Eurasian Journal of Business and Economics, 3 (5), p. 51-75 | Abstract: | This paper develops a small macroeconomic model of the Armenian economy. After setting up the model and its estimation, a number of macroeconomic scenarios is analyzed in the form of out-of-sample simulations. We analyze the transmissions in the model of a number of macroeconomic shocks and policy scenarios to obtain a better understanding of their possible effects on the internal and external balance of the Armenian economy. A special focus is put on the role of exchange rate and monetary management and the inflow of remittances in the Armenian economy. | Keywords: | Armenia; macroeconomic adjustment; macroeconomic models; macroeconomic policy | Document URI: | http://hdl.handle.net/1942/14784 | Category: | A1 | Type: | Journal Contribution | Validations: | vabb 2014 |
Appears in Collections: | Research publications |
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File | Description | Size | Format | |
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EJBE2010Vol03No05p51VANAARLE-SOSOIAN.pdf | 374.74 kB | Adobe PDF | View/Open |
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