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Impacts of macroeconomic policies on the Latvian output and policy implications

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Author Info
Yu Hsing

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Abstract

The author applies the IS-MP-IA model (Romer, 2000) to examine short run economic fluctuations for Latvia. The results show that equilibrium GDP is negatively associated with the expected inflation rate and the US federal funds rate and positively influenced by real depreciation and stock prices due to the wealth effect, Tobin's q theory, and the balance-sheet effect. The impact of the government deficit/GDP ratio on output is positive but insignificant.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Applied Economics Letters.

Volume (Year): 12 (2005)
Issue (Month): 8 (June)
Pages: 467-471
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Handle: RePEc:taf:apeclt:v:12:y:2005:i:8:p:467-471

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References listed on IDEAS
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Yuhsing, 2006. "Macroeconomic policies and output fluctuations in slovakia: Application of the taylor rule," International Review of Economics, Springer, vol. 53(2), pages 249-259, June. [Downloadable!] (restricted)
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