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The paper presents a dynamic model for small to medium open economies operating under a fixed exchange rate regime. The model provides a partial explanation of the channels through which fiscal and monetary policy affects the real exchange rate. An empirical investigation is conducted for the...
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For the first seven years of this decade, the Baltic countries experienced very rapid GDP growth. In 2007, though, the boom period turned to bust as country-specific factors such as the slowdown in credit growth dampened domestic demand growth. This was followed by the international financial...
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This document aims to succinctly summarize the climate risks faced by Azerbaijan. This includes rapid onset and long … domain of Azerbaijan, therefore potentially excluding some international influences and localized impacts. The core data …
Persistent link: https://www.econbiz.de/10012700740
Azerbaijan's performance on the twin goals has been commendable. The middle class has doubled in size and extreme … closer look at the challenges facing Azerbaijan as it seeks to sustain and 'even out' progress on the twin goals …
Persistent link: https://www.econbiz.de/10012246852
This economic report records the economic activities of Azerbaijan for the year 2013. Economic growth picked up in the … lowered the current account surplus and net capital outflows from Azerbaijan continued for the sixth year in a row … hydrocarbon sector will continue to determine the economic performance of Azerbaijan over the medium-term. The decline in oil …
Persistent link: https://www.econbiz.de/10012248399