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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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Policy nexus under different exchange rate regimes in CESEE countries
Bezhoska, Anita Angelovska; Mitreska, Ana - Narodna Banka na Republika Makedonija - 2013
Persistent link: https://www.econbiz.de/10011620236
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Lingering low interest rate environment and monetary accommodation in the euro area : impact on the region?
Bezhoska, Anita Angelovska; Mitreska, Ana; Terzijan, … - Narodna Banka na Republika Makedonija - 2017
Persistent link: https://www.econbiz.de/10011620608
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The transmission of external shocks to the Macedonian economic activity
Unevska Andonova, Danica; Petkovska, Marija - Narodna Banka na Republika Makedonija; Narodna Banka na … - 2011
statistically significant response to foreign demand shock, while world prices shock has no significant effect. …
Persistent link: https://www.econbiz.de/10011623342
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Transmission of external shocks in assessing debt sustainability, the case of Macedonia
Unevska Andonova, Danica; Janevska Stefanova, Dijana - Narodna Banka na Republika Makedonija; Narodna Banka na … - 2015
obtaining the forecasts of key domestic variables, conditional on a set of assumed global variables under different global shock … scenarios. The results in general suggest that under all shock scenarios, there is negative effect to domestic GDP, however in …
Persistent link: https://www.econbiz.de/10011623508
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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 traditional instrument, the interest rate. In this paper we examine the real effects of several monetary-policy instruments in Macedonia, an economy characterized by surplus...
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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Report on banking system and banking supervision of the Republic of Macedonia in ...
Narodna Banka na Republika Makedonija - Skopje : National Bank of the Republic of Macedonia - Nachgewiesen 2007(2008) - 2010(2011)
Persistent link: https://www.econbiz.de/10003885934
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Report on banking system and banking supervision of the Republic of Macedonia in ...
Narodna Banka na Republika Makedonija - Skopje : [Verlag nicht ermittelbar] - Nachgewiesen 2000(2001) - 2010(2011)
Persistent link: https://www.econbiz.de/10003396103