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Central bank independence : the case of the National Bank of Republic of Macedonia

Bezhoska, Anita Angelovska - 2018

This paper explores the level of independence of the National Bank of the Republic of Macedonia by primarily focusing …

Persistent link: https://www.econbiz.de/10011818405

The risk-taking channel of monetary policy in Macedonia : evidence from credit registry data

Miteski, Mite; Mitreska, Ana; Vaskov, Mihajlo - 2018

Macedonia. For this purpose we use a rather unique database of corporate loans, taken from the Credit Registry of the National … Bank of the Republic of Macedonia (NBRM), which is complemented with data from banks' balance sheets. By using pooled OLS …

Persistent link: https://www.econbiz.de/10011944421

Inflation decomposition model : application to Macedonian inflation

Andonova, Danica Unevska - 2018

The purpose of the paper is to introduce the framework for decomposing the forecast of headline inflation, obtained by macroeconomic model of NBRM for monetary policy analysis and medium term projections (MAKPAM), into its components: food, energy and core inflation. The model for inflation...

Persistent link: https://www.econbiz.de/10011926820

Income-specific inflation rates and the effects of monetary policy: the case of North Macedonia

Jovanovic, Biljana; Josimovski, Marko - 2021

In this paper, we investigate the effects of monetary policy concerning the inflation rates specific for each income group of households. We find that the prices specific for high-income households are generally more rigid and less volatile compared to the prices specific for middle and...

Persistent link: https://www.econbiz.de/10012498854

Interset rate policy in the Republic of Macedonia

Stavreski, Zoran - 1998

costs, determined interest rates in the Republic of Macedonia in the last two years to be formed on high nominal and real … saving; 2. To increase the interest rate which the National Bank of the Republic of Macedonia pays to the banks on the … capital inflow in the form of direct investments, by which the total supply of funds in the Republic of Macedonia will be …

Persistent link: https://www.econbiz.de/10011671786

Evaluating monetary policy effectiveness in North Macedonia : evidence from a Bayesian FAVAR Framework

Petrovska, Magdalena; Tonovska, Jasna; Nikolov, Miso; … - 2023

This paper has adopted a Bayesian FAVAR approach to examine the monetary transmission mechanism in North Macedonia. The … Macedonia. The study as well enriches the literature in this domain by discussing the challenges facing monetary authorities of …

Persistent link: https://www.econbiz.de/10013549755

Households' euroization in the Republic of North Macedonia : is it close to or far from the optimal levels?

Jakimova, Tanja; Eliskovski, Milan; Baftijari, Artina … - 2022

Macedonia. It tries to identify the main drivers of the households' deposit euroization in the Republic of North Macedonia and … Macedonia, following an already published IMF study on this issue. Looking ahead, persistence in stability … Republic of North Macedonia. …

Persistent link: https://www.econbiz.de/10013365216