Macroeconomic Adjustment in Armenia: The Role of External Factors

Authors

  • Bas van AARLE Hasselt University
  • Robert SOSOIAN Credit Agricole Nederland

Keywords:

Armenia, macroeconomic adjustment, macroeconomic models, macroeconomic policy

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.

Published

31-05-2010

How to Cite

van AARLE, B., & SOSOIAN, R. (2010). Macroeconomic Adjustment in Armenia: The Role of External Factors. Eurasian Journal of Business and Economics, 3(5), 51-75. Retrieved from https://ejbe.org/index.php/EJBE/article/view/31

Issue

Section

Articles