The main purpose of the research is to develop a new methodology, that will allow to create an Integral Index of Reforms, quantitatively assess various reforms that have been implemented for 2012-2017 in 66 countries of the world. In the article with the help of the Integral Index of Reforms,...

The main purpose of the research is to develop a new methodology, that will allow to create an Integral Index of Reforms, quantitatively assess various reforms that have been implemented for 2012-2017 in 66 countries of the world. In the article with the help of the Integral Index of Reforms,...

The impact of macroeconomic management (monetary policy) and administrative price adjustments on price variability in a low inflation economy characterized by relatively frequent administrative price adjustments is examined. Fluctuations of market determined prices, prices of agricultural goods...

This working paper takes into account six sources of financing - international reserves, swap arrangements, EFSD, IMF, multilateral development banks and bilateral financial support for macrostabilization. The analysis is of particular importance in the context of the current crisis associated...

Using a structural vector auto-regression (SVAR) model, this paper examines the size, geographical sources, and transmission channels of global and regional shocks to the Armenian economy. Results show that Armenian economic activity is strongly influenced by global demand shocks and changes in...

Raising Armenia’s long-term growth prospects is critical to meet the pressing need for jobs, achieve higher living standards, and arrest emigration. Armenia’s long-term growth prospects have weakened since the global COVID-19 crisis, while recent global and regional the geopolitical...