Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy

Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy
This paper employs several econometric techniques to estimate the Armenian output gap. The findings indicate that the output gap is significantly positive in 2007 and 2008 and decreased dramatically in 2009. The paper uses these results to estimate a New Keynesian Phillips curve for Armenia, suggesting a significant role of the output gap and... READ MORE...

Publication date: August 2010
ISBN 9781455205271
$18.00

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