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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...
Persistent link: https://www.econbiz.de/10014403073
, marked the beginning of a new macroeconomic framework in Armenia, which is likely to have changed the effectiveness of … monetary policy. This paper is the first attempt to analyze whether the transmission mechanism in Armenia has been subject to a …
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This paper is the first attempt to look at inflation dynamics and monetary transmission mechanisms in Armenia in the …
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