Nominal Effective Exchange Rate Neutrality: The Case of Macedonia

CEA Journal of Economics ISSN 1857-5269 UDK 33 Volume 7, Issue 1 Skopje, June 2012

11 Pages Posted: 10 Apr 2012 Last revised: 26 Mar 2013

See all articles by Dushko Josheski

Dushko Josheski

University Goce Delcev

Darko Lazarov

University Goce Delcev

Date Written: April 10, 2012

Abstract

This paper uses quarterly data on Macedonian nominal effective exchange rate for the time period 1992 to 2009 along with six other variables to investigate the nominal effective exchange rate neutrality. SVAR and Impulse response functions had been used to prove the hypothesis. Empirical evidence in this paper supports the nominal exchange rate neutrality in the case of Macedonia.

Keywords: NEER, SVAR, Impulse response functions

JEL Classification: F31

Suggested Citation

Josheski, Dushko and Lazarov, Darko, Nominal Effective Exchange Rate Neutrality: The Case of Macedonia (April 10, 2012). CEA Journal of Economics ISSN 1857-5269 UDK 33 Volume 7, Issue 1 Skopje, June 2012, Available at SSRN: https://ssrn.com/abstract=2037839 or http://dx.doi.org/10.2139/ssrn.2037839

Dushko Josheski (Contact Author)

University Goce Delcev ( email )

Stip
Macedonia
+389 32 550 000 (Phone)
+389 32 390 700 (Fax)

HOME PAGE: http://www.ugd.edu.mk/

Darko Lazarov

University Goce Delcev ( email )

PO box 201
Stip, 2000
Macedonia
+389 550 317 (Phone)

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