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Core inflation
Hogan, Seamus D.; Johnson, Marianne F.; Laflèche, Thérèse - 2001
Persistent link: https://www.econbiz.de/10001555173
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Heterogeneous beliefs and housing-market boom-bust cycles in a small open economy
Tomura, Hajime - 2009
This paper introduces heterogeneous beliefs among households in a small open economy model for the Canadian economy. The model suggests that simultaneous boom-bust cycles in house prices, output, investment, consumption and hours worked emerge when credit-constrained mortgage borrowers expect...
Persistent link: https://www.econbiz.de/10003852849
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Can monetary policy affect economic activity under surplus liquidity : some evidence from Macedonia
Jovanovic, Branimir; Krstevska, Aneta; Popovska-Kamnar, Neda - Narodna Banka na Republika Makedonija - 2015
Surplus liquidity in the banking system changes the monetary transmission mechanism, reducing the effectiveness of the … Macedonia, an economy characterized by surplus liquidity. We use regime-switching Vector Autoregressions and track the responses … monetary policy in economies with surplus liquidity. Regarding analysis, the implication is that the traditional approach …
Persistent link: https://www.econbiz.de/10011623487
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Overview of the Macedonian Policy Analysis Model (MAKPAM)
Hlédik, Tibor; Bojceva Terzijan, Sultanija; Jovanovic, … - Narodna Banka na Republika Makedonija - 2016
This paper describes the Macedonian Policy Analysis Model (MAKPAM), which is used at the National Bank of the Republic of Macedonia (NBRM) for medium term macroeconomic forecasting and policy analysis. The MAKPAM is a medium scale, New Keynesian gap model that incorporates the key...
Persistent link: https://www.econbiz.de/10011623918
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Central banking in the aftermath of the global economic crisis
Bezhoska, Anita Angelovska - Narodna Banka na Republika Makedonija - 2019
The worldwide financial crisis revealed that some of the basic consensuses concerning the macroeconomic policy framework and the roles of the central banks were no longer tenable. This prompted rethinking of central bank objectives, strategies and policy instruments, with particular focus on the...
Persistent link: https://www.econbiz.de/10012211862
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Loan supply shocks in Macedonia : a Bayesian SVAR approach with sign restrictions
Kabashi, Rilind; Suleva, Katerina - Narodna Banka na Republika Makedonija - 2016
This paper analyses the effects of loan supply, as well as aggregate demand, aggregate supply and monetary policy shocks between 1998 and 2014 in Macedonia using a structural Vector Auto Regression with sign restrictions and Bayesian estimation. The main results indicate that loan supply shocks...
Persistent link: https://www.econbiz.de/10011623896
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International asset substitutability : theory and evidence for Canada
Boothe, Paul Michael (contributor) - 1985
Persistent link: https://www.econbiz.de/10000723094
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Monetary policy report
Bank of Canada - Ottawa, Ont. - 1995 - 2016,Apr.
Persistent link: https://www.econbiz.de/10000551672
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Annual report
Narodna Banka na Republika Makedonija - Skopje : [Verlag nicht ermittelbar] - 1992 [?]-
Persistent link: https://www.econbiz.de/10000682562