This paper proposes a new paradigm for the analysis of monetary policy. From an econometric point of view this new approach is just as easy to implement as reduced form analysis, but is robust to the Lucas critique. It requires no explicit prior theory and yet it encompasses all standard DSGE...

Primarily, the study assesses the determinants of non-oil import demand in ­Nigeria. This is aimed at measuring the relative strengths and nature of effects of the variables that determine Nigeria's non-oil import demand, and subsequently assessing the extent to which results are in conformity...

For the modern history of the SR, the state budget data from the period of CSFR are not relevant according to the existence of two republic budgets with strong mutual relations and two-way flows. In 1996, a new budget composition based on foreign experiences was introduced. The first two parts...

Despite the fact that the macro-economic modelling of the econometric type has almost a 30-years tradition in the Slovak Republic, the econometric modelling of the more detailed money structure has no history at all. The significance of the problem with time series is held by the fact that no...