MAKMODEL: A Macro-Econometric Model for the Republic of Macedonia

De Nederlandsche Bank WO&E Research Memorandum No. 665

National Bank of the Republic of Macedonia Working Paper No 8

42 Pages Posted: 11 Jun 2011 Last revised: 6 Oct 2011

See all articles by Leo de Haan

Leo de Haan

De Nederlandsche Bank

Aneta Naumovska

affiliation not provided to SSRN

Marga Peeters

De Nederlandsche Bank

Date Written: August 9, 2001

Abstract

This report describes the macro-econometric model for the Republic of Macedonia MAKMODEL. It documents the main features of this model that was built by research teams of the Macedonian and Dutch central bank during July 1999 - June 2001 as one module of a large scale PHARE-project, funded by the European Commission. Details on the statistical aspects of the Macedonian monthly data collected for the period 1993-1999 are provided, along with the construction and estimation of the econometric model. The last sections present some simulation and forecasting examples. The ultimate aim of MAKMODEL is to use it for macro-economic policy analyses at the Macedonian central bank, by means of keeping the statistical basis up to date, elaborating upon the model, and making forecasts and running simulations in the near future.

Keywords: macro-econometric modeling

JEL Classification: C51, C52

Suggested Citation

de Haan, Leo and Naumovska, Aneta and Peeters, Marga, MAKMODEL: A Macro-Econometric Model for the Republic of Macedonia (August 9, 2001). National Bank of the Republic of Macedonia Working Paper No 8. Available at SSRN: https://ssrn.com/abstract=1861226 or http://dx.doi.org/10.2139/ssrn.1861226

Leo de Haan

De Nederlandsche Bank ( email )

P.O. Box 98
1000 AB Amsterdam
Netherlands
+31 20 5243539 (Phone)
+31 20 5242514 (Fax)

Aneta Naumovska

affiliation not provided to SSRN ( email )

Marga Peeters (Contact Author)

De Nederlandsche Bank ( email )

PO Box 98
1000 AB Amsterdam
Amsterdam, 1000 AB
Netherlands

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