Vetlov, Igor - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2004
This paper presents preliminary results of modelling the Lithuanian block of the ESCB Multi-Country Model, LT_MCM. The theoretical structure of the LT_MCM is in line with most current mainstream macro models, i.e. supply factors determine the long-run equilibrium, while output is demand...