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Working Papers

From National Bank of the Republic of North Macedonia
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2023-02: Measuring the natural interest rate for the Macedonian economy: a multi-model approach Downloads
Mite Miteski, Magdalena Petrovska and Ррñ‚ð°ð½ Сулејмани
2023-01: Evaluating monetary policy effectiveness in North Macedonia: Evidence from a Bayesian FAVAR Framework Downloads
Magdalena Petrovska, Jasna Tonovska, Miso Nikolov and Ррñ‚ð°ð½ Сулејмани
2022-02: Households’ euroization in the Republic of North Macedonia: Is it close or far from the optimal levels? Downloads
Tanja Jakimova, Milan Eliskovski and Artina Bedzeti Baftijari
2022-01: A DSGE model with partial euroization: the case of the Macedonian economy Downloads
Mihai Copaciu, Joana Madjoska and Mite Miteski
2021-03: Evaluation of mixed frequency approaches for tracking near-term economic developments in North Macedonia Downloads
Gani Ramadani, Magdalena Petrovska and Vesna Bucevska
2021-02: Minimum wage reform and firms’ performance – evidence from North Macedonia Downloads
Biljana Jovanovic and Nikola Naumovski
2021-01: Income-specific inflation rates and the effects of monetary policy: the case of North Macedonia Downloads
Biljana Jovanovic and Marko Josimovski
2020-02: Income and price elasticities of Macedonian export and import of goods – a panel approach Downloads
Dijana Janevska Stefanova and Magdalena Petrovska
2020-01: Export and firms' performance in North Macedonia: self selection or learning by doing? Downloads
Biljana Jovanovic
2019-02: Disinflationary Spillovers from the Euro Area into the Countries of Southeastern Europe Downloads
Gani Ramadani and Predrag Pandiloski
2019-01: Bank financing to SMEs in the Republic of North Macedonia: Evidence from Survey Data Downloads
Tanja Jakimova and Neda Popovska Kamnar
2018-09: The effect of household and enterprise credit on current account balance: Evidence from the Republic of North Macedonia Downloads
Egzona Hani Selimi and Milan Eliskovski
2018-07: The Risk-Taking Channel of Monetary Policy in Macedonia: Evidence from Credit Registry Data Downloads
Mite Miteski, Ana Mitreska and Mihajlo Vaskov
2018-06: Inflation Decomposition Model: Application to Macedonian inflation Downloads
Danica Unevska-Andonova
2018-05: Productivity analysis by using firm-level data: the case of Macedonia Downloads
Biljana Jovanovic
2018-04: The Impact of the ECB’s Quantitative Easing Policy on Capital Flows in the CESEE Region Downloads
Anita Angelovska – Bezhoska, Ana Mitreska and Sultanija Bojcheva-Terzijan
2018-03: Јадрото и периферијата на еврозоната: Приказна за обединување или разобединување Downloads
Игор Величковски, Александар Стојков and Ивана Рајковиќ
2018-02: Investigating credit transmission mechanism in the Republic of Macedonia: evidence from Vector Error Correction Model Downloads
Milan Eliskovski
2018-01: Central bank independence-the case of the National Bank of Republic of Macedonia Downloads
Anita Angelovska - Bezhoska
2017-07: Monetary policy communication: Evidence from Survey Data Downloads
Neda Popovska – Kamnar
2017-06: Forecasting Macedonian Inflation: Evaluation of different models for short-term forecasting Downloads
Magdalena Petrovska, Gani Ramadani, Nikola Naumovski and Biljana Jovanovic
2017-05: The Optimal Level of Foreign Reserves in Macedonia Downloads
Biljana Jovanovikj and Danica Unevska Andonova
2017-04: Panel Estimation of the Impact of Foreign Banks Presence on Selected Banking Indicators in Macedonia Downloads
Ana Mitreska and Sultanija Bojcheva – Terzijan
2017-03: Macroeconomic effects of fiscal policy in the European Union, with particular reference to transition countries Downloads
Rilind Kabashi
2017-02: Firms’ responses to shocks by price, wage and employment in Macedonia Downloads
Gani Ramadani
2017-01: The Impact of Sectorial FDI on Economic Growth in Central, Eastern and Southeastern Europe Downloads
Mite Miteski and Dijana Janevska Stefanova
2016-05: Forecasting Macedonian business cycle turning points using Qual VAR model Downloads
Magdalena Petrovska, Aneta Krstevska and Nikola Naumovski
2016-04: Overview of the Macedonian Policy Analysis Model (MAKPAM) Downloads
Tibor Hledik, Sultanija Bojceva-Terzijan, Biljana Jovanovic and Rilind Kabashi
2016-03: The cyclical character of fiscal policy in transition countries Downloads
Rilind Kabashi
2016-02: Loan supply shocks in Macedonia: a Bayesian SVAR approach with sign restrictions Downloads
Rilind Kabashi and Katerina Suleva
2016-01: Assessment of the Impact of Fiscal Policy on the Current Account – the Twin Deficit Hypothesis in the Case of Macedonian Economy Downloads
Vesna Stojcevska and Mite Miteski
2015-06: Оценка на ефикасноста на македонските банки – примена на пристапот на стохастичка граница Downloads
Mihajlo Vaskov, Petar Debnikov, Neda Popovska–Kamnar and Katerina Suleva
2015-05: Wage and Price Setting in Macedonia: Evidence from Survey Data Downloads
Gani Ramadani and Nikola Naumovski
2015-04: Transmission of External Shocks in Assessing Debt Sustainability, the Case of Macedonia Downloads
Danica Unevska-Andonova and Dijana Janevska-Stefanova
2015-03: Can Monetary Policy Affect Economic Activity under Surplus Liquidity? Some Evidence from Macedonia Downloads
Branimir Jovanovic, Aneta Krstevska and Neda Popovska-Kamnar
2015-02: Kalman Filter Estimation of the Unrecorded Economy in Macedonia Downloads
Branimir Jovanovic
2015-01: Alternative Indicator of Monetary Policy Stance for Macedonia Downloads
Magdalena Petrovska and Ljupka Georgievska
2014-01: Post-Crisis Credit Slowdown in South-East Europe – Return to Normality? Downloads
Branimir Jovanovic, Egzona Hani and Ljupka Georgievska
Biljana Jovanovikj and Ljupka Georgievska
2011-06: Sustainability of the Macedonian Current Account Downloads
Danica Unevska Andonova and Branimir Jovanovic
2011-05: Пазарите на пари во Република Македонија и Европската Унија: Компаративен приод Downloads
Vesna Hristovska, Igor Velickovski and Zorica Stojanova
2011-04: Потенцијален производ и производен јаз за Македонија според неколку методи на пресметка Downloads
Biljana Jovanovic and Rilind Kabashi
2011-03: The transmission of external shocks to the Macedonian economic activity Downloads
Danica Unevska Andonova and Marija Petkovska
2011-02: The economic impacts of the foreign direct investments: panel estimation by sectors on the case of Macedonian economy Downloads
Aneta Krstevska and Magdalena Petrovska
2011-01: Investigating the Cyclical Behavior of Fiscal Policy in the Republic of Macedonia during the Period of Transition Downloads
Anita Angelovska Bezoska, Jane Bogoev, Ana Mitreska and Maja Kadievska Vojnovik
Ana Mitreska, Maja Kadievska Vojnovic, Ljupka Georgievska, Branimir Jovanovic and Marija Petkovska
2010-04: Репо-трансакции: Теоретски аспекти и предуслови за нивно заживување во Република Македонија Downloads
Vesna Kondratenko, Vesna Hristovska, Igor Velickovski, Zoran Krstevski and Marija Efremova
2010-03: Determinants of Lending Rates and Interest Rate Spreads in Macedonia Downloads
Ljupka Georgievska, Rilind Kabashi, Nora Manova-Trajkovska, Ana Mitreska and Mihajlo Vaskov
2010-02: Forecasting Macedonian GDP: Evaluation of different models for short-term forecasting Downloads
Branimir Jovanovic and Magdalena Petrovska
2010-01: Inflation Persistence and Price Dynamics in Macedonia: Theory and Empirical Analysis Downloads
Magdalena Petrovska and Gani Ramadani
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