methodology we try to identify the financial leverage determinants of Macedonian firms. Second, we analyze changes in firms … crisis were affected by the pre-crisis level of leverage and changes in firms' performance during the crisis. …The purpose of this study is to analyze capital structure decisions of Macedonian companies by using firm level data …

; 4) small structural model that links GDP components to a small set of explanatory variables; 5) static factor model that … dismissed. The small structural model that explains every GDP component as a function of economic determinants comes third …, "reviving" the interest in these old-school models, at least for the case of Macedonia. …

influence of structural breaks in the mean of inflation on the level of persistence. We find strong evidence for a break in the …We apply classical econometric method to characterize the dynamic behavior of the quarter-on-quarter inflation over the … period 1997q1-2010q1. In particular, we estimate univariate autoregressive (AR) models for the aggregate consumer price …

economic effects of FDI over the host country, having in mind their numerous direct and indirect effects. Besides the amount of … structural dimension. The main conclusion of the analysis is that the FDI inflows were important factor for GDP growth and export … findings regarding the type and sector distribution of the FDI inflows are very important for the policy makers and imply a …

This paper focuses on investigating the determinants of lending rates and interest rate spreads in Macedonia. In order … panel estimation techniques on a sample of commercial banks in Macedonia. Our results indicate that lending rates are mostly … to quantify the effect of various factors on lending rates and interest rate spreads during the 2001-2009 period, we use …

revisions of GDP growth rates in Macedonia. Accordingly, we use various statistical tools for testing the "news" and "noise … empirical approaches in general provide mixed results about the predictability of GDP revisions, although the empirical evidence …This paper investigates the existence of any systematic relationship between preliminary estimates and subsequent …

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 paper analyses the effects of loan supply, as well as aggregate demand, aggregate supply and monetary policy … well as on economic activity and prices. The effects of monetary policy on lending activity are fairly limited, although … policy instrument. However, the restrictive policy during the crisis for the purposes of maintaining monetary policy goals …