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Monetary policy conundrum in developed economies : is the region different? : platform for discussion: event: BIS Meeting of the Working Party on Monetary Policy in Central and Eas...

Mitreska, Ana; Georgievska, Ljupka; Ramadani, Gani - Narodna Banka na Republika Makedonija - 2020

Persistent link: https://www.econbiz.de/10012211886

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

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

Investigating the cyclical behavior of fiscal policy in the Republic of Macedonia during the period of transition

Angelovska Bezovska, Anita; Bogoev, Jane; Mitreska, Ana; … - Narodna Banka na Republika Makedonija - 2011

Persistent link: https://www.econbiz.de/10011623213

2nd Research Conference "Policy Nexus and the Global Environment: A New Consensus Emerging from the Crisis?"

Research conference "Policy nexus and the global …; … - 2013

Persistent link: https://www.econbiz.de/10011812113

The cyclical character of fiscal policy in transition countries

Kabashi, Rilind - Narodna Banka na Republika Makedonija - 2014

This study investigates the cyclical character of fiscal policy in transition countries in Central, Eastern and Southeastern Europe (CESEE) in the period from 1995 to 2011, using system GMM as the preferred estimation method for the underlying sample and model specification. The study finds...

Persistent link: https://www.econbiz.de/10011623917

Assessment of the impact of fiscal policy on the current account : the twin deficit hypothesis in the case of Macedonian economy

Stojcevska, Vesna; Miteski, Mite - Narodna Banka na Republika Makedonija - 2016

For a small open economy with fixed exchange rate regime, the twin deficit hypothesis is always an interesting and relevant research topic. The aim of this research is to evaluate the effects of the government budget shocks on the current account movement in the case of the Macedonian economy,...

Persistent link: https://www.econbiz.de/10011623579

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

Fiscal stance amidst rising risks and interest rates : the CESEE perspective

Mitreska, Ana; Mitesk, Mite - Narodna Banka na Republika Makedonija - 2023

Persistent link: https://www.econbiz.de/10014465002

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