 | Financial Development and Growth in the Caucasus and Central Asia Author/Editor: Tigran Poghosyan. Release Date:July, 2022 This paper presents stylized facts on financial development in the CCA countries relative to their EM and LIC peers and assesses how financial development can boost growth in the CCA. Drawing on more...
| Price: $20.00
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 | Unveiling the Effects of Foreign Exchange Interventions: Evidence from the Kyrgyz Republic Author/Editor: Tigran Poghosyan. Release Date:October, 2020 This paper analyzes determinants and consequences of FX interventions in the Kyrgyz Republic. Most of the literature on the topic focuses on advanced and emerging economies and this paper provides more...
| Price: $18.00
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 | Exchange Rate Pass-Through in the Caucasus and Central Asia Author/Editor: Tigran Poghosyan. Release Date:August, 2020 This paper estimates the extent and speed of exchange rate pass-through (ERPT) in seven Caucasus and Central Asia (CCA) countries using monthly data over the January 1995–May 2020 period. The more...
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 | Remittances in Russia and Caucasus and Central Asia: the Gravity Model Author/Editor: Tigran Poghosyan. Release Date:July, 2020 Remitances are an important source of external financing in low- and middle-income countries. This paper uses the gravity model to analyze remittance flows in Russia and Caucasus and Central Asia more...
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 | How Effective is Macroprudential Policy? Evidence from Lending Restriction Measures in EU Countries Author/Editor: Tigran Poghosyan. Release Date:March, 2019 This paper assesses the effectiveness of lending restriction measures, such as loan-to-value and debt-service-to-income ratios, in affecting developments in house prices and credit. We use data on 99 more...
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 | Regional Labor Mobility in Finland Author/Editor: Tigran Poghosyan. Release Date:November, 2018 This paper analyzes regional labor mobility in Finland using two complementary empirical approaches: a VAR proposed by Blanchard and Katz (1992) and a gravity model. The results point to a relatively more...
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 | Investment Slowdown in Denmark: Diagnosis and Policy Options Author/Editor: Tigran Poghosyan. Release Date:July, 2018 Total investment in Denmark has experienced a sharp slowdown following the global financial crisis. This slowdown has coincided with a decline in labor productivity and expansion of the current more...
| Price: $18.00
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 | Fiscal Spillovers in the Euro Area: Letting the Data Speak Author/Editor: Era Dabla-Norris, Pietro Dallari, Tigran Poghosyan. Release Date:November, 2017 We estimate a panel VAR model that captures cross-country, dynamic interlinkages for 10 euro area countries using quarterly data for the period 1999-2016. Our analysis suggests that fiscal spillovers more...
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 | Lessons from the Old Masters on Assessing Equity and Efficiency: A Primer for Fiscal Policymakers Author/Editor: Vitor Gaspar, Paolo Mauro, Tigran Poghosyan. Release Date:October, 2017 How can a society’s well-being be measured to include not only average incomes but also
their distribution? How can the effects of policies be assessed by considering both equity and
more...
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 | Cross-Country Spillovers of Fiscal Consolidations in the Euro Area Author/Editor: Tigran Poghosyan. Release Date:June, 2017 This paper revisits the issue of cross-country spillovers from fiscal consolidations using an innovative empirical methodology. We find evidence in support of fiscal spillovers in 10 euro area more...
| Price: $18.00
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