This paper indicates special aspects of using vector auto-regression models to forecast rates of basic macroeconomic indicators in short term. In particular, traditional vector auto-regression model, Bayesian vector auto-regression model and factor augmented vector auto-regression model are...

This paper considers the primary challenges faced by the Eurozone and caused by the 2008+ crisis. It suggests that one should distinguish among institutional, conceptual (model/paradigm) and real economic challenges. As a factor that influences progress in other areas, the latter topic is a...

The main aim of the article is to compare the Baltic countries with Denmark in accordance with the different macro-economic indicators and the identification the potential growth of the innovation level. The subject of the article is the potential level of innovation by the different...