effectiveness of the interest rate transmission channel in Macedonian economy. Based on the analysis for peg sustainability and … still existing problems in the functioning of the interest rate transmission channel, the main findings are that current … monetary policy strategy is still valid and regular monitoring of the environment that is changing dynamically is more then …

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 …

The interest rate policy is one of the most significant instruments of the monetary policy. The experiences from the … conditions in the area of the interest policy means improvement of the fundamental economic performances that determine the … for dynamization of the economic development. The commercial banks in the Republic of Macedonia are independent in …

The ambition of this paper is to analyse real exchange rate dynamics in Macedonia relying on a highly disaggregated … irrelevance of the Balassa-Samuelson effect for overall inflation via service prices in the CPI. Furthermore, we estimate variants … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …

of the study on emerging countries could help policy-makers design more appropriate policies for those countries. In this …. In a highly integrated and globalized world, the study of co-movement, or integration, is important because the results … study, we are trying to answer how much of economic volatility in Macedonia can be explained by shocks originating in the …

; 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. …

interest for policy makers. There are several relevant indicators showing the relative significance of the currency in …Currency in circulation, together with demand deposits, is a component of narrow money which movements are of special … circulation in particular economy, among which the most important ones are: 1/ share of currency in circulation in money supply …