How Long to Read The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia

How Long Does it Take to Read The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia?

It takes the average reader 1 hour and 5 minutes to read The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia by Victoria Babajanyan

Assuming a reading speed of 250 words per minute. Learn more

Description

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.

How long is The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia?

The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia by Victoria Babajanyan is 64 pages long, and a total of 16,256 words.

This makes it 22% the length of the average book. It also has 20% more words than the average book.

How Long Does it Take to Read The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 28 minutes to read The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia aloud.

What Reading Level is The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia?

The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia?

The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia by Victoria Babajanyan is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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