Djurovic, Gordana; Djurovic, Vasilije; Bojaj, Martin M. - In: Financial innovation : FIN 6 (2020) 40, pp. 1-16
This study examines, diagnoses, and assesses appropriate macroeconomic policy responses of the Montenegrin Government to the outbreak of COVID-19. The model econometrically measures the macroeconomic costs using a Bayesian VARX Litterman/ Minessota prior to the pandemic disease in terms of...
