 | The Ararat Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia Author/Editor: Victoria Babajanyan, Daniel Baksa, Martin Fukac, Eduard Hakobyan, Arshaluys Harutyunyan, Narek Karapetyan, Babken Pashinyan, Garik Petrosyan, Luis-Felipe Zanna. Release Date:June, 2022 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 more...
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| Afghanistan: Balancing Social and Security Spending in the Context of Shrinking Resource Envelope Author/Editor: Aqib Aslam, Enrico Berkes, Martin Fukac, Jeta Menkulasi, Axel Schimmelpfennig. Release Date:May, 2013 For Afghanistan, the dual prospect of declining donor support and high ongoing security spending over the medium term keeps the government budget tight. This paper uses a general equilibrium model to more...
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