Macroeconomic Adjustment in Armenia: The Role of External Factors

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 s...

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Bibliographic Details
Main Authors: Bas van AARLE, Robert SOSOIAN
Format: Article
Language:English
Published: Ala-Too International University 2010-05-01
Series:Eurasian Journal of Business and Economics
Subjects:
Online Access:http://ejbe.org/EJBE2010Vol03No05p51VANAARLE-SOSOIAN.pdf