Mkhatrishvili, Shalva; Zedginidze, Zviad - In: Central European Journal of Economic Modelling and … 7 (2015) 1, pp. 15-41
The global financial and European debt crises exposed the need for a new approach to fiscal modeling to support decision making analytically. With this purpose, in the following paper we present a macro-fiscal model. By capturing macro-fiscal interlinkages, especially those between fiscal...