 | Cars in Europe: Supply Chains and Spillovers during COVID-19 Times Author/Editor: Vizhdan Boranova, Raju Huidrom, Ezgi O Ozturk, Ara Stepanyan, Petia Topalova, Shihangyin (Frank) Zhang. Release Date:January, 2022 The auto sector is macro-critical in many European countries and constitutes one of the main supply chains in the region. Using a multi-sector and multi-country general equilibrium model, this paper more...
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 | Distributional Implications of Labor Market Reforms: Learning from Spain's Experience Author/Editor: Ara Stepanyan, Jorge Salas. Release Date:February, 2020 Spain’s structural reforms, implemented around 2012, have arguably contributed to a faster and stronger economic recovery. In particular, there is strong evidence that the 2012 labor market reforms more...
| Price: $18.00
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 | A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries Author/Editor: Jiri Podpiera, Faezeh Raei, Ara Stepanyan. Release Date:February, 2017 Was the postcrisis growth slowdown in Central, Eastern and Southeastern Europe (CESEE) structural or cyclical? We use three different methods—production function approach, basic multivariate more...
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 | The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries Author/Editor: Ara Stepanyan, Agustin Roitman, Gohar Minasyan, Dragana Ostojic, Natan P Epstein. Release Date:September, 2016 In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent more...
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 | The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries Author/Editor: Ara Stepanyan, Agustin Roitman, Gohar Minasyan, Dragana Ostojic, Natan P Epstein. Release Date:November, 2015 In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent more...
| Price: $20.00
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 | Exports in a Tariff-Free Environment : What Structural Reforms Matter? Evidence from the European Union Single Market Author/Editor: Jesmin Rahman, Ara Stepanyan, Jessie Yang, Li Zeng. Release Date:August, 2015 How do countries enhance their exports of goods in a largely tariff-free environment? Our investigation of export performance of new member states in the European Union single market, which provides more...
| Price: $18.00
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 | Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries Author/Editor: Ara Stepanyan, Lamin Leigh. Release Date:January, 2015 Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government more...
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 | Increasing Productivity Growth in Middle Income Countries Author/Editor: Aidar Abdychev, La-Bhus Fah Jirasavetakul, Andrew W Jonelis, Lamin Leigh, Ashwin Moheeput, Friska Parulian, Ara Stepanyan, Albert Touna Mama. Release Date:January, 2015 Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was more...
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 | In Search of a Dramatic Equilibrium : Was the Armenian Dram Overvalued? Author/Editor: Nienke Oomes, Vahram Stepanyan, Gohar Minasyan, Ara Stepanyan. Release Date:March, 2009 This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, more...
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 | A New Keynesian Model of the Armenian Economy Author/Editor: Ara Stepanyan, Era Dabla-Norris, Ashot Anatolii Mkrtchyan. Release Date:March, 2009 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 more...
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