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The Role of Central Bank Narratives in Economic Performance: Evidence from Armenia

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  • Sergey Avetisyan

Abstract

This article examines the role of the Central Bank of Armenia’s (CBA’s) communication strategy within the context of Armenia’s economic trajectory. By analysing key speeches delivered between 2003 and 2023, this study highlights the interplay between the central bank’s narratives and economic realities. Utilizing a combination of narrative economics and quantitative tools, the analysis identifies the CBA’s strategic use of communication to shape market expectations and promote economic stability. JEL Classification: E58, D83, C88, O11.

Suggested Citation

  • Sergey Avetisyan, 2025. "The Role of Central Bank Narratives in Economic Performance: Evidence from Armenia," South Asian Journal of Macroeconomics and Public Finance, , vol. 14(2), pages 243-259, December.
    • Handle: RePEc:sae:smppub:v:14:y:2025:i:2:p:243-259
    DOI: 10.1177/22779787251372382
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    References listed on IDEAS

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    More about this item

    Keywords

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    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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