The Armenian Economic Association 11th Annual Meetings will be held online on June 24-26, 2021. The Annual Meetings is the flagship event of ArmEA that brings together a couple of hundred people from around the globe to share and discuss their latest research during the main conference and spin-off workshops.
Keynote Speakers
Program in Brief
Click the session titles for more details. Armenia Standard Time provided. Time converter here.
Political Economy of Populism
Chair: Armen Nurbekyan, CBA
Lilit Popoyan (Università degli Studi di Napoli ‘Parthenope’ and Scuola Superiore Sant’Anna), Mauro Napoletano (Sciences Po and SKEMA), Andrea Roventini (Scuola Superiore Sant’Anna) Systemically Important Banks – Emerging Risk and Policy Responses: An Agent-based Investigation
Muhammad Asali (ISET), Vytautas Kuoktis (Vilnius University) Labor market flexibility and the political economy of exchange rate regimes
Jorge Fornero, Markus Kirchner, Carlos Molina (Central Bank of Chile) Estimating Shadow Policy Rates in a Small Open Economy and the Role of Foreign Factors
Ani Asoyan, Vahagn Grigoryan, Haykaz Igityan (Central Bank of Armenia) Inflation and structural reforms in different societies
Chair: Tomasz Mickiewicz, Aston University
Gerhard Toews (NES), Pierre-Louis Vezina (King’s College London) Enemies of the People
Olga Popova (IOS Regensburg, CERGE-EI, Ural Federal University), Milena Nikolova (University of Groningen), Vladimir Otrachshenko (Justus Liebig University Giessen, Far Eastern Federal University) Stalin and the Origins of Mistrust
Paul Dower (University of Wisconsin-Madison), Andrei Markevich (NES), Shlomo Weber (NES) The Value of a Statistical Life in a Dictatorship: Evidence from Stalin
Nooa Nykänen (Aalto University) Institutional and Organizational Perspectives on the Development of Economic Geography in the Soviet Union
Chair: Mattias Polborn, Vanderbilt University
Rebecca Mari (LSE) When Capital Falls to Pieces: Public Investment and the Role of Private Capital Stock
Tomáš Lichard (Prague University of Economics and Business), Jaroslav Bukovina (Ministry of Finance of the Slovak Republic), Ján Palguta (Universidad Carlos III de Madrid), Branislav Žúdel (Ministry of Finance of the Slovak Republic) Inter-temporal Shifting of Corporate Income: Evidence from Administrative Tax Return Data
Tatul Hayruni, Armen Nurbekyan, Gevorg Minasyan (Central Bank of Armenia) Estimates of Tax Effort and Tax Capacity: New Evidence from a Heterogeneous Panel
David Joulfaian (Georgetown University) Marginal Effective Tax Rates on New Investments in Armenia
Chair: Manuel García-Santana, Universitat Pompeu Fabra
Ariel Weinberger (George Washington University), Luca Macedoni (Aarhus University) Quality Misallocation, Trade, and Regulations
Arevik Gnutzmann-Mkrtchyan, Hinnerk Gnutzmann (Leibniz Universität Hannover), Tobias Korn (University of Göttingen) Consequences of FTA Withdrawal: Evidence from “Uxit”
Sargis Karavardanyan (University of California, Irvine) Sino-US Economic competition and protests in Africa
Nune Hovhannisyan (Loyola University, Maryland), Wolfgang Keller (University of Colorado, Boulder) International Business Travel and Technology Sourcing
Chair: Josep Pijoan-Mas, CEMFI
Salvador Ortigueira (Washington State University), Joana Pereira (IMF) Lack of Commitment, Retroactive Taxation, and Macroeconomic Instability
Gueorgui Kambourov (University of Toronto), Fatih Guvenen (University of Minnesota), Burhanettin Kuruscu (University of Toronto), Sergio Ocampo-Díaz (University of Minnesota), Daphne Chen (Vega Economics) Use It or Lose It: Efficiency Gains from Wealth Taxation
Soroush Ghazi (University of Alabama), Domenico Ferraro (Arizona State University), Pietro F. Peretto (Duke University) Labor Taxes, Market Size, and Productivity Growth
Corina Boar, Virgiliu Midrigan (NYU) Efficient Redistribution
Chair: Vache Gabrielyan, AUA
Maria Petrova (Universitat Pompeu Fabra), Maja Adena (WZB Berlin), Ruben Enikolopov (NES), Hans-Joachim Voth (University of Zurich) Bombs, Broadcasts and Resistance: Allied Intervention and Domestic Opposition to the Nazi Regime during World War II
Ella Sargsyan (CERGE-EI) Violent Conflicts and Parents’ Child Gender Preferences
Vasily Korovkin (CERGE-EI), Alexey Makarin (Einaudi Institute for Economics and Finance) Production Networks and War
Tushar Bharati (University of Western Australia) The Long Shadow of the Kargil War: The Effect of Early-life Stress on Education
Chair: Gor Khachatryan, Yerevan State University
Garo Garabedian (Banc Ceannais na hÉireann) Monetary Policy and Liquidity
Martin Hodula (Czech National Bank), Ngô Ngọc Ánh (Czech Ministry of Regional Development) Shadow Loans, Bank Loans and Macroprudential Policy: Leakage through the Substitution Effect
Martin Fukač (Victoria University of Wellington), Daniel Baksa (IMF), Eduard Hakobyan, Arshaluys Harutyunyan, Garik Petrosyan, Narek Karapetyan, Babken Pashinyan, Victoria Babajanyan (Ministry of Finance of Armenia), Felipe Zanna (IMF) The Fiscal Strategy Model: A Structural Framework for Fiscal Policy Analysis in Armenia
Eduard Hakobyan (Ministry of Finance of the Republic of Armenia), Martin Fukač (Victoria University of Wellington), Arshaluys Harutyunyan, Garik Petrosyan, Narek Karapetyan, Babken Pashinyan, Victoria Babajanyan (Ministry of Finance of Armenia), Felipe Zanna (IMF) Estimates of Fiscal Multipliers for Armenia
Chair: Vladimir Asriyan, CREi
Dávid Nagy (CREi) Trade and Urbanization: Evidence from Hungary
Marta Santamaría (University of Warwick) Reshaping Infrastructure: Evidence from the Division of Germany
David Gomtsyan (ZEW Mannheim) Merchant Networks in Big Cities
Natalia Davidson, Oleg Mariev, Karina Nagieva, Andrey Pushkarev (Ural Federal University) Types of Innovations and Firm Export in Russia
Chair: Aderonke Osikominu, U Hohenheim
Sevak Alaverdyan, Vardan Baghdasaryan (American University of Armenia) Mismatch and Labor Market Outcomes in Armenia
Aderonke Osikominu (University of Hohenheim), Gregor Pfeifer (University of Sydney), Kristina Strohmaier (Universität Tübingen) The Effects of Free Secondary School Track Choice: A Disaggregated Synthetic Control Approach
Ekaterina Travova (CERGE-EI) Under Pressure? Performance Evaluation of Police Officers as an Incentive to Cheat: Evidence from Drug Crimes in Russia
Vahagn Jerbashian, Montserrat Vilalta-Bufi (University of Barcelona) The Impact of ICT on Working from Home: Evidence from EU Countries
Competence and Representation in Politics
Chair: Muhammad Asali, ISET
Cristopher Patvakanian (Harvard University) The Ethnic Connection: Armenian Diaspora Investment
Armine Ghazaryan (University of Southampton) The Impact of Labour Market Discrimination on Benefit Receipt of Second-Generation Immigrants in the UK
Geghetsik Afunts, Davit Adunts, Mariola Pytliková (CERGE-EI) The Effect of International Seasonal Migration on Human Capital Formation in Origin Countries
Aleksandr Grigoryan (AUA), Sabina Kalantar (European University Institute) The Effects of Economic and Political Concerns on Migration Intentions: Empirical Evidence from the South Caucasus
Chair: Varduhi Petrosyan, AUA
Margar Harutyunyan, Sun Ki Choi (St. Lawrence University) The Effect of Prescription Drug Monitoring Programs on State-Level Opioid Utilization
Yermone Sargsyan (Charles University) The Impact of Electricity Outages on Health Outcomes of Children in Kyrgyzstan
Rashid Javed (WIUT), Mazhar Mughal, Charlotte Fontan Sers (ESC Pau Business School, Paris) Early Female Marriage and Sex Differentials in Child Healthcare and Nutrition
Gegam Shagbazian (University of Padova) Banning Foreign Firms’ Participation in Russian Public Procurement for Drugs: An Empirical Analysis
Chair: Yulia Ustyugova, IMF
Armen Khederlarian (University of Connecticut), George Alessandria (University of Rochester), Shafaat Khan (World Bank), Kim Ruhl (UW-Madison), Joseph Steinberg (University of Toronto) Trade Policy Dynamics: Evidence from 50 years of US-China Trade
Manuel García-Santana (Universitat Pompeu Fabra), Marta Santamaria (University of Warwick) Border Effects, Governments, and Aggregate Productivity
Yoto Yotov (University of Drexel) Quantifying the Impact of Regional Borders
Chair: Ani Avetisyan, Russian-Armenian University
Sinara Gharibyan (CERGE-EI) Launching Agricultural Insurance. Evidence from Armenia
Salim Turdaliev (Charles University) Increasing Block Rate Electricity Pricing and Propensity to Purchase Electric Appliances: Evidence from a Natural Experiment
Knar Khachatryan, Aleksandr Grigoryan (American University of Armenia), Pundarik Mukhodpadhaya (Macquarie University) Mining and Multidimensional poverty: Micro-evidence from Armenia
Chair: Randall Filer, CUNY
Alex Krumer (Molde University College), Richard Faltings (University of Texas at Austin), Michael Lechner (University of St. Gallen) Rot-Jaune-Verde. Language and Favoritism: Evidence from Swiss Soccer
Robert Sroka (Northumbria University) Mega-Projects and Mega-Events: Evaluating Vancouver 2010 Stadium and Convention Infrastructure
Andrey Pushkarev (Ural Federal University), Gurgen Aslanyan (American University of Armenia), Oleg Mariev (Ural Federal University) Sochi with and without the Winter Olympics: Economic Effects of the Mega-Event
Victor Matheson, Robert Baumann, Robert Murray (College of the Holy Cross), E. Frank Stephenson (Berry College) Estimating the Economic Impact of Major League Baseball’s All-Star Game Using High Frequency Tourism Data
Chair: Jorge Fornero, Banco Central de Chile
Samar Issa (Saint Peter’s University) The Lebanese Banking Crisis: Can Islamic Banks be an Alternative to Overleveraged Conventional Banks?
Aleksandr V. Gevorkyan (St. John’s University), Tarron Khemraj (New College of Florida) Dominant Currency and Exchange Market Pressure
Georgia Bush (Banco de México), Serafin Martınez-Jaramillo (CEMLA and Banco de México), Luis Onesimo Leonardo Escobar-Farfan (Banco de México), Erwin Flores-Tames (CSH Vienna) Currency Relationships over Time, a Network Analysis and Case Study of Mexico
Hugo C. Iasco-Pereira, Fabrício J. Missio, Frederico Jayme Jr. (Federal University of Minas Gerais – CEDEPLAR), and Douglas Alencar (Federal University of Pará) Real Exchange Rate, Demand Growth and Labor Productivity: A Growth Model of Cumulative and Circular Causation
Chair: Nerses Yeritsyan, CBA
Aleksandr Grigoryan, Knar Khachatryan (American University of Armenia) Are All Savings Products in the Microfinance World Created Equal?
Vardan Baghdasaryan (American University of Armenia), Roy Mersland (University of Agder) Multibanking Improves the Small Entrepreneur’s Performance in Developing Countries
Laura Aydinyan (Central Bank of Armenia), Vardges Levonyan (University of Zurich) The Supply and Demand for Steering in Mortgage Lending
Nargiza Alimukhamedova (WIUT, CERGE-EI) Nurmukhammad Yusupov (Solbridge ISB) Financial Literacy and the Cost of Borrowing
Chair: Heghine Manasyan, CRRC-Armenia
Gor Khachatryan (Economic Research Centre, Ministry of Economy of the Republic of Armenia; Yerevan State University), Bruce Boghosian (Tufts University) Economically Realistic Asset Exchange Model
Zaruhi Hakobyan (University of Luxembourg) Can a Social Planner Manipulate Network Dynamics and Solve Coordination Problems?
Vahagn Davtyan, Haykaz Igityan (Central Bank of Armenia) Structural Reforms in DSGE Model
Diana Gabrielyan, Jaan Masso, Lenno Uuskula (University of Tartu) Can Machine Learning Change Our Opinion on Euler’s Consumption Model?
Chair: Vardan Baghdasaryan, American University of Armenia
Armenak Antinyan (Zhongnan University of Economics and Law), Luca Corazzini (Ca Foscari, Venice) Take me with you! Economic Incentives, Nudging Interventions, and Reusable Shopping Bags: Evidence from a Randomized Controlled Trial
Vladimír Novák (Università Bocconi), Andrei Matveenko (Københavns Universitet), Silvio Ravaioli (Columbia University) The Status Quo and Belief Polarization of Rationally Inattentive Agents: Theory and Experiment
Alexandre Kohlhas (IIES, Stockholm University), Donald Robertson (University of Cambridge) A Rational Theory of Limited Attention
Narine Yegoryan (Humboldt University, Berlin) Lottery rewards in incentive-aligned choice-based conjoint studies
Chair: Eduard Hakobyan, Ministry of Finance (Armenia)
Vladimir Yeghiazaryan, Aleksandr Grigoryan (American University of Armenia) Revisiting PPP in EAEU countries
Ruben Poghosyan (Yerevan State University) Does FDI affect export sophistication? Evidence from Developing Countries
Rafayel Avagyan, Aleksandr Grigoryan (American University of Armenia) Assessing the Effectiveness of Public Education Expenditure: Evidence from Armenia
Lilit Kalantar (American University of Armenia) Hope for the Better: How the Velvet Revolution Shaped the Intentions to Migrate from Armenia
Chair: Julia Schaumburg, VU Amsterdam
Tatevik Sekhposyan (Texas A&M University), Florens Odendahl (Banco de España), and Barbara Rossi (University of Pompeu Fabra) Comparing Forecast Performance with State Dependence
Alessia Paccagnini (University College Dublin), Fabio Parla (Central Bank of Ireland) Identifying High-Frequency Shocks with Bayesian Mixed-Frequency VARs
Eleonora Granziera, Knut Are Aastveit, Tuva Marie Fastbø, Kenneth Sæterhagen Paulsen, Kjersti Næss Torstensen (Norges Bank) Nowcasting Norwegian Household Consumption with Debit Card Transaction Data
Gergely Gánics (Central Bank of Hungary, Corvinus University), Florens Odendahl (Banco de España) Ordering-Invariant Stochastic Volatility Specification in BVAR Models
Chair: Aram Arakelyan, Yerevan State University
Aleksandr Grigoryan, Knar Khachatryan (American University of Armenia) COVID-19 Policy Responses through the Lenses of Female Political and Social Representation
Gurgen Aslanyan, Gayane Barseghyan (American University of Armenia) Labor Market Experiences and Expectations amid COVID-19 Crisis
Hovhannes Manukyan, Vahagn Davtyan, Haykaz Igityan (Central Bank of Armenia) Macroeconomic Policy during Covid-19
Robert Tumanyan, Christopher Hussain (Bangor College China) The Effects of Macroprudential Policies During the COVID-19 Pandemic
Chair: Tatevik Sekhposyan, Texas A&M
Yiru Wang (University of Pittsburgh), Lukas Hoesch (Universitat Pompeu Fabra, Vrije University Amsterdam) Asymptotic Inference about the Evaluation of Non-Parametric Predictive Densities
Scott Kostyshak (University of Florida), Ye Luo (University of Hong Kong) The Partial Monotonicity Parameter: A Generalization of Regression Monotonicity
Julia Schaumburg, Igor Custodio Joao, Andre Lucas (Vrije University Amsterdam), Bernd Schwaab (ECB) Dynamic Clustering of Multivariate Panel Data
Florens Odendahl (Bank of Spain), Klodiana Istrefi, Giulia Sestieri (Banque de France) Fed Communication on Financial Stability Concerns and Monetary Policy Decisions: Revelations from Speeches
Chair: Vahagn Jerbashian, University of Barcelona
Vladimir Asriyan (CREi), Luc Laeven (ECB), Alberto Martin (CREi), Alejandro Van der Ghote (ECB), Victoria Vanasco (CREi) Falling Interest Rates and Credit Misallocation: Lessons from General Equilibrium
Josep Pijoan-Mas (CEMFI), Julian di Giovanni (Federal Reserve Bank of New York), Manuel Garcia Santana (Universitat Pompeu Fabra), Priit Jeenas (Universitat Pompeu Fabra) Procurement and Credit Growth: Firm-Level Evidence and Aggregate Implications
Mikayel Sukiasyan (University of Chicago) Bailouts and Redistribution
Larry Christiano (Northwestern University), Husnu Dalgic (Mannheim) Armen Nurbekyan (CBA) Financial Dollarization in Emerging Markets: Efficient Risk Sharing or Prescription for Disaster?
The International Consequences of Bretton Woods Capital Controls and the Value of Geopolitical Stability