Economic Development and Research Center has developed a set of macroeconomic models (Macroeconomic Adjustment and Growth Model of Armenia (MAGMA), “Growth and Distribution” model and “Income Distribution Matrix” model) for “Policy Choice for Poverty Reduction” project. The primary goal of developing a set of models was the necessity of providing a logical concept linking measures of macroeconomic policy and economic growth to poverty reduction and income distribution objectives. The basic model in the set is MAGMA that allows to build a macroeconomic framework, which is used in “Growth and Distribution” and “Income Distribution Matrix” models to derive income distribution of deciles’ groups (by branches of economy and type of income) and as well as Gini coefficient and poverty incidence.

On the 14th and 15th of October, 2003 Mushegh Tumasyan (Chairman of EDRC) and Aghasi Mkrtchyan (Board Member of EDRC) participated in “Tools for the Exante Poverty Impact Assessment of Macroeconomic Policies (EPIAM)” International Workshop. The Workshop took place in Washington DC, USA and was jointly organized by the International Food Policy Research Institute (IFPRI), the European Network on Debt and Development (EURODAD), the New Rules for Global Finance Coalition, and Oxfam International.
During the workshop macroeconomic modeling issues, available models and the ways of their further development, as well as economic policies issues were discussed. On the first day of the workshop Mr. Tumasyan and Mr. Mkrtchyan did presentations, which are available below:

Modeling Issues Related to EDRC Models (Mushegh Tumasyan) (download PowerPoint presentation file)

Policy Issues of EDRC Models (Aghasi Mkrtchyan) (download PowerPoint presentation file)