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 …

, the current account is viewed as the outcome of variations in macroeconomic "structural" determinants that influence the … sustainability of the Macedonian current account deficit using the structural model of the current account. According to this model … variables that had an effect on the Macedonian current account in the period 1998-2009, and that the sustainable level of the …

This paper aims to assess the usefulness of leading indicators in business cycle research and forecast. Initially we … indicators performs in forecasting turning points of the Macedonian business cycle by employing the Qual VAR approach of Dueker … (2005). In continuation, we evaluate the quality of the selected indicators in pseudo-out-of-sample context. The results …