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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...
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This paper has adopted a Bayesian FAVAR approach to examine the monetary transmission mechanism in North Macedonia. The model is based on a broad data set that encompasses 140 monthly time series spanning between January 2010 and January 2019. In particular, the impact of policy on bank...
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statistically significant response to foreign demand shock, while world prices shock has no significant effect. …
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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
to increase prices after wage shock. The second part of the paper focuses on cost-cutting strategies and the factors that … shock. On the contrary, empirical results indicate that fluctuations in permanent employment to cost and wage shock are …
Persistent link: https://www.econbiz.de/10011671821