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Impacts of macroeconomic policies on the Latvian output and policy implications

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  • 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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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

Volume (Year): 12 (2005)
Issue (Month): 8 ()
Pages: 467-471

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Handle: RePEc:taf:apeclt:v:12:y:2005:i:8:p:467-471

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Cited by:
  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.
  2. Hsing, Yu & Hsieh, Wen-jen, 2010. "Responses of Real Output in Serbia to the Financial and Global Economic Conditions," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 107-114, September.

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