Angelovska Bezovska, Anita; Bogoev, Jane; Mitreska, Ana; … - Narodna Banka na Republika Makedonija - 2011
The main aim of this research is to investigate the cyclical behavior of fiscal policy with respect to output gap fluctuations in the Republic of Macedonia during the period 1991-2009. We use two different fiscal policy measures: 1) the cyclically unadjusted primary budget balance and 2) the...