The objective of this paper is to analyze and compare the fractal structure of the Croatian and Hungarian stock market returns. The presence of long memory components in asset returns provides evidence against the weak-form of stock market efficiency. The starting working hypothesis that there...

The abstract should summarize the content and conclusions of the paper in less 200 words (Typically around 10 sentences). It should not contain any references or displayed equations. Typeset the abstract in 10 points, italic. Labour market in the NMS is extensive and expanding. Sound...

The future use of coal depends on environmental protection measures and the Kyoto Protocol, the price of CO2 emission coupons, consumption, new technologies, the price of other energy sources and the liberalization of the electricity markets. The prices of emission coupons will impact the costs...

This article empirically investigates whether natural gas has the potential of destabilizing the Slovenian economy. The results confirmed the indirect relation that the increase in gas prices decelerates the dynamics of aggregate domestic consumption, which further decelerates activities in...

The inflation in the first and half year after the introduction of Euro in Slovenia was of a short-term nature, conditioned also by a favorable economic growth. The cumulative (retail) price level growth was also conditioned by internal factors (a weak competition in certain sectors and an...

This paper studies the international transmission of the euro area's monetary policy and financial stress to Russia. The results show that financial stress in the euro area damages Russian economic activity and stock prices, but not its trade balance. The contractionary euro area monetary policy...

The aim of this paper is to estimate government consumption multiplier and to examine the effect of various characteristics of countries on the size of fiscal multiplier. We apply a panel VAR model following Ilzetzki et al. (2013) for a sample of 28 EU countries covering the period from 1995 to...

We tested for the significance of macroeconomic variables that condition nonperforming loan (NPL) ratios. The hypothesis of procyclicality between economic activity and improving NPL ratio in the Baltic States was proved. The increased economic activity improved the NPL ratio. Due to a high...

The paper begins with an overview of the unemployment rate in Slovenia and focuses on duration of unemployment and regional characteristics of the unemployment rates. It is shown that the dispersion of regional unemployment rate is gradually decreasing and is also slightly below European average...

This paper applies the semi-parametric Cox regression approach to model unemployment duration in five Central and Eastern European countries. The Cox proportional hazards models and the Cox regression models with a time-dependent covariate are developed, and the results are interpreted and...