Series: IMF Working Papers
Author(s): Balázs Horváth
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 1998
Keywords: transition economy, fiscal impulse, monetary impulse, currency substitution, inflation, monetary policy, inflation tax, foreign currency, foreign exchange
This paper examines the evolution, and impact on stabilization, of macroeconomic policies in Armenia during 1994-96. Fiscal and monetary policies have been effective in stabilizing the Armenian economy and facilita...