Aggregate Demand–Inflation Adjustment Model Applied to Southeast European Economies

Aggregate Demand–Inflation Adjustment Model Applied to Southeast European Economies

Applying IS-MP-IA model and the Taylor rule to selected Southeast European economies (Albania, Bosnia and Herzegovina, Macedonia and Serbia) we find that the change of effective exchange rate positively affects output, while the change of the world interest rate negatively affects output or it does...

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Bibliographic Details
Main Authors: Apostolov Mico, Josevski Dusko
Format: Article
Language:English
Published: Sciendo 2016-01-01
Series:Journal of Central Banking Theory and Practice
Subjects:
d05
e05
f04
g28
h05
p02
is-mp-ia
taylor rule
inflation targeting
monetary policy function
government spending to nominal gdp
world interest rates
Online Access:https://doi.org/10.1515/jcbtp-2016-0007

Internet

https://doi.org/10.1515/jcbtp-2016-0007

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