Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In the paper Latvian economic indicators before and after entering the EU are...

Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural...

We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences for global commodity prices. We find that...

For Latvia with incoming into the European Union big opportunities in the international markets have opened. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In paper various indicators of a national economy before and after...

Cilj ovoga rada je procijeniti efekt tečaja na tekući račun platne bilance u kontekstu Marshall-Lernerovog uvjeta i efekta bogatstva na potrošnju građana. Velik broj dosadašnjih radova koji je procjenjivao efekt tečaja na dohodak, zaposlenost i/ili industrijsku proizvodnju bazirao se samo...

Economic activity depends on agents' real-time beliefs regarding the persistence in the shocks they currently perceive to be hitting the economy. This paper uses an unobserved components model of forecast revisions to examine how the professional forecasters comprising the Blue Chip Economic...

This is a course material for an introductory course in Probability and Statistics for Engineering and Management. It is part of some course notes for my courses in Spanish on that subject. The draft of the book is Apuntes de Probabilidad y Estadiacute;stica para Ingenieriacute;a y...

This paper develops a simple tool to assess the medium-term effects of a devaluation on domestic price and output levels in developing countries. It focuses on the formation of the wage rate and on government expenditure and tax policies under a devaluation, as the main determinants of the...

This paper reviews the genesis and early development of macro-modelling for the IMF's World Economic Outlook from the report's inception up to the early 1990s. Models covered include the Multilateral Exchange Rate Model, World Trade Model, Minimod, Multimod Marks 1 and 2, the Disaggregated...

This paper analyzes the short-term forecasts for industrial and developing countries produced by the International Monetary Fund, and published twice a year in the World Economic Outlook (WEO). For the industrial country group, the WEO forecasts for output growth and inflation are satisfactory...