, raising the concern of possible negative impact of low interest rates on households’ propensity to save. In this analysis, we … and their dynamics over time have not been a key determinant of saving and investment behavior of households in the region …The past decade following the global economic crisis (2008-09) will be certainly marked as the era of historically low …

; 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. …