Melecky, Martin; Najdov, Evgenij - In: Applied Financial Economics 20 (2010) 9, pp. 681-699
This article re-emphasizes the link from structural policies to enhanced macroeconomic stabilization using a small structural model estimated on quarterly data for Macedonia and Slovakia over 1995-2007. The success of macroeconomic stabilization, typically in the hands of monetary policy, is not...