account movement in the case of the Macedonian economy, hoping to shed light on the influence of the fiscal policy on the … connection is only contemporaneous, implying that fiscal policy stance does not cause long lasting changes in the balance of … external position of the economy, as well as to provide useful guidance for policy makers about the sensitivity of the current …

This study investigates the cyclical character of fiscal policy in transition countries in Central, Eastern and … sample and model specification. The study finds discretionary policy in the CESEE EU Member States and in the Western Balkan … to an acyclical stance. In addition, the analysis indicates considerable differences in the cyclical character of fiscal …

The worldwide financial crisis revealed that some of the basic consensuses concerning the macroeconomic policy …, strategies and policy instruments, with particular focus on the interactions between monetary and financial stability policies …’ bearing on the roles and responsibilities of the National Bank of the Republic of North Macedonia. In the last decade, legal …