In this paper, we focus on the analysis of the drivers of LSTI ratio dynamics. Against this backdrop, we try to bridge this gap by introducing an average synthetic LSTI calculation and examine how various factors affect the LSTI ratio of borrowers that took out consumer and housing loans in...

This paper sets up a Bayesian SVAR model on Euro Area data and identifies trade policy uncertainty shocks using a minimum set of sign restrictions. We find that rising trade policy uncertainty adversely affects the real business cycle in the Euro Area mostly in the short term, while it has more...

This paper presents a basic econometric model for house prices forecasting in Slovenia. The model is based on Bayesian Vector Autoregression model (BVAR), which is a common econometric tool used in the forecasting processes. The key �findings of the paper are that the house prices in Slovenia...

We estimate the impact of the fiscal expansion due to the COVID-19 outbreak on the Slovene economy using two models. First, we simulate fiscal shocks in 3-scenarios in a calibrated large-scale DSGE model. Second, we employ a small-scale VAR model to check the robustness of the theoretical...

Recent financial crisis has shown that the prior belief that the active monetary policy in pursuing price stability may not be sufficient enough to maintain financial stability as well as macroeconomic stability in an economy. Introducing a new economic policy, the macroprudential policy gave...

Recent financial crisis has shown that the prior belief that the active monetary policy in pursuing price stability may not be sufficient enough to maintain financial stability as well as macroeconomic stability in an economy. Introducing a new economic policy, the macroprudential policy gave...

In this paper we utilize a multivariate STSM model in order to estimate trend and cyclical components on a set of business and financial economic variables for Slovenia. The results show that financial cycles are somewhat longer compared to business cycles. Comparing the standard deviations of...

Prices and costs are often the main points of interest in a typical competitiveness analysis. If studying prices cover the inflation and exchange rate perspectives, studying costs usually covers the relationship between labour costs and labour productivity. Strictly focusing on the labour side...

This paper aims to explore how mortgage and consumer loans arrears are affected by household financial and social status as well as macroeconomic situation and banking standards and restrictions. In general, arrears could pose an elevated risk to the financial stability of banks and could...

We assess the impact of the fiscal expansion in response to the COVID-19 pandemic on the Slovenian economy via a twofold approach. Firstly, we employ a structural VAR model in order to estimate the effects of fiscal shocks. The findings suggest a significant response of GDP, private consumption,...