Stepanyan, Ara; Dabla-Norris, Era; Mkrtchyan, Ashot Anatolii - International Monetary Fund (IMF) - 2009
This paper develops a small open economy dynamic stochastic general equilibrium (DSGE) model of the Armenian economy. The structure of the model is largely motivated by recent developments in DSGE modeling, with key extensions to incorporate specific structural characteristics of the Armenian...