The Ararat Fiscal Strategy Model A Structural Framework For Fiscal Policy Analysis In Armenia PDF Download
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Author | : Victoria Babajanyan |
Publisher | : International Monetary Fund |
Total Pages | : 64 |
Release | : 2022-06-10 |
Genre | : Business & Economics |
ISBN | : |
Download The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia Book in PDF, ePub and Kindle
This paper presents an overview of the Ararat Fiscal Strategy Model (AFSM), which is a structural, New-Keynesian, DSGE, small open economy model with a rich fiscal block that includes several expenditure and revenue instruments, and types of debt. The AFSM is now a formal part of the Ministry of Finance analytical toolkit to do macroeconomic fiscal policy scenario analysis, which feeds into policy discussions, budget planning, and the Medium-Term Expenditure Framework. The model was applied to assses the macroeconomic impact of the “first wave” of the Covid-19 pandemic on the Armenian economy, including the mitigating effects of policy responses. AFSM simulations revealed a potential severe impact in 2020, with declines in GDP and consumption of 12.9 and 11.7 percent, respectively, and a cumulative loss of GDP of 38 percent for the period 2020-2023. They also highlighted a significant fiscal outlook deterioration that would increase public debt-to-GDP ratios by 18.8 percentage points over 2020-23. The package of counter-cyclical fiscal measures of 3.6 percent of GDP, however, was estimated to cushion the 2020 GDP decline by almost 2 percentage points, as well as protect jobs. A second AFSM application related to the 2018 public investment under-execution showed the importance of improving the efficiency of public investment to have positive macroeconomic and fiscal effects.
Author | : International Monetary Fund. Middle East and Central Asia Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2023-12-14 |
Genre | : Business & Economics |
ISBN | : |
Download Republic of Armenia Book in PDF, ePub and Kindle
Republic of Armenia: Selected Issues
Author | : Elena G. Popkova |
Publisher | : Springer Nature |
Total Pages | : 502 |
Release | : 2023-11-18 |
Genre | : Business & Economics |
ISBN | : 3031465253 |
Download ESG Management of the Development of the Green Economy in Central Asia Book in PDF, ePub and Kindle
This book proposes digitalization as a promising direction for green growth and sustainable development of the economy of Central Asia. It reveals the advanced and unique hands-on and case-based experience of Central Asia in ESG management with the involvement of digital technologies and provides practical recommendations on the extension of the use of digital technologies in ESG management of the development of the green economy in Central Asia.
Author | : Winston Yu |
Publisher | : World Bank Publications |
Total Pages | : 177 |
Release | : 2014-10-20 |
Genre | : Nature |
ISBN | : 1464803382 |
Download Toward Integrated Water Resources Management in Armenia Book in PDF, ePub and Kindle
This study takes stock of the current water resources management in Armenia, including diagnosing the main sub-sectors (agriculture, urban, environment, and energy), reviewing the institutional framework and implementation status of water-sector policies, identifying the main challenges and making recommendations on the next steps.
Author | : Benjamin Carton |
Publisher | : International Monetary Fund |
Total Pages | : 61 |
Release | : 2017-11-17 |
Genre | : Business & Economics |
ISBN | : 1484326016 |
Download No Business Taxation Without Model Representation Book in PDF, ePub and Kindle
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic research. This paper documents the incorporation of corporate income, cash-flow and destination based cash-flow taxes into the model. The analysis presented considers the transmission mechanism of these taxes and details how financial frictions interact with each of the taxes.
Author | : Juin-Jen Chang |
Publisher | : International Monetary Fund |
Total Pages | : 52 |
Release | : 2019-06-10 |
Genre | : Business & Economics |
ISBN | : 1498320236 |
Download Fiscal Consolidation and Public Wages Book in PDF, ePub and Kindle
A New Keynesian model with government production, public compensation, and unemployment is fit to U.S. data to study the macroeconomic and fiscal effects of public wage reductions. We find that accounting for the type of government spending is crucial for its macroeconomic implications. Although reductions in public wages and government purchases of goods have similar effects on total output and the fiscal balance, the former can raise private output slightly, in contrast to the substantial contractionary effects of the latter. In addition, the baseline estimation finds that exogenous public wage reductions decrease private wages. Model counterfactuals show that sufficiently rigid nominal private wages can reverse the response of private wages, as the rigidity dampens the labor reallocation effect from the public to private sector that exerts downward pressure on private wages.
Author | : |
Publisher | : United Nations, Economic Economic for Europe c2001. |
Total Pages | : 248 |
Release | : 2001 |
Genre | : Environmental law |
ISBN | : |
Download Environmental Performance Reviews Book in PDF, ePub and Kindle
CD-ROM contains: Environmental Performance Review (PDF) -- State of the Environment Report.
Author | : Yevgenya Paturyan |
Publisher | : Springer Nature |
Total Pages | : 192 |
Release | : 2020-12-11 |
Genre | : Political Science |
ISBN | : 3030632261 |
Download Armenian Civil Society Book in PDF, ePub and Kindle
This book analyzes Armenian civil society in the context of post-communist democratization. It explores persistent challenges to civic engagement under Armenia’s semi-authoritarian regime, and also highlights success stories of public mobilization and social impact. Drawing on a broad range of methods and empirical sources, the book provides a comprehensive overview of the re-emerging diversity of Armenian civil society: from formal organizations to spontaneous activism. It combines a country-level analysis of broad patterns in the country’s political culture with the life stories of individual agents of change, contrasting public apathy with young activists’ enthusiasm. By exploring mobilization strategies and narratives in Armenian civil society, the book provides valuable new insights into the roots of the mass public uprising in spring 2018.
Author | : International Atomic Energy Agency |
Publisher | : IAEA |
Total Pages | : 292 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : |
Download Energy and Nuclear Power Planning Study for Armenia Book in PDF, ePub and Kindle
This publication sets out the results of a successfully completed project to undertake an energy and nuclear power planning (ENPP) study for Armenia. This involved analysis of key planning issues and scenarios for the future development of the energy sector in Armenia up to the period 2020, using IAEA energy planning models. The main objectives of the project were to contribute to the development of national energy policy and assess the future role of nuclear power in Armenia by providing proven methodologies and building institutional capacities for analysing different energy options.
Author | : Freedom House |
Publisher | : Rowman & Littlefield |
Total Pages | : 877 |
Release | : 2015-12-24 |
Genre | : Political Science |
ISBN | : 1442254084 |
Download Freedom in the World 2015 Book in PDF, ePub and Kindle
Freedom in the World, the Freedom House flagship survey whose findings have been published annually since 1972, is the standard-setting comparative assessment of global political rights and civil liberties. The survey ratings and narrative reports on 195 countries and fourteen territories are used by policymakers, the media, international corporations, civic activists, and human rights defenders to monitor trends in democracy and track improvements and setbacks in freedom worldwide. The Freedom in the World political rights and civil liberties ratings are determined through a multi-layered process of research and evaluation by a team of regional analysts and eminent scholars. The analysts used a broad range of sources of information, including foreign and domestic news reports, academic studies, nongovernmental organizations, think tanks, individual professional contacts, and visits to the region, in conducting their research. The methodology of the survey is derived in large measure from the Universal Declaration of Human Rights, and these standards are applied to all countries and territories, irrespective of geographical location, ethnic or religious composition, or level of economic development.