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Latvia's Macroeconomic Model

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Author Info
Konstantins Benkovskis
Dainis Stikuts

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Abstract

The paper presents the first version of Latvia's Macroeconomic Model (LMM) built using the features and structure of an Area-Wide Model (AWM) for the euro area and Multi-Country Model (MCM) for a typical country block of the European System of Central Banks. This is one of the first attempts to create an econometric model that captures the Latvian economy as a whole and simultaneously modells the supply and demand sides, price and fiscal blocks, and the external sector.

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File URL: http://www.bank.lv/images/img_lb/izdevumi/english/citas/Latvia's_Macroeconomic_Model.pdf
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Publisher Info
Paper provided by Latvijas Banka in its series Working Papers with number 2006/02.

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Date of creation: 19 Jun 2006
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Handle: RePEc:ltv:wpaper:200602

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Postal: K. Valdemara iela 2a, LV-1050 Riga
Phone: +371 702 2300
Fax: +371 702 2420
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Web page: http://www.bank.lv/
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Related research
Keywords: macroeconomic model; Latvia;

Find related papers by JEL classification:
C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
C5 - Mathematical and Quantitative Methods - - Econometric Modeling
E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation

References listed on IDEAS
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. Ricardo Llaudes, 2005. "The Phillips curve and long-term unemployment," Working Paper Series 441, European Central Bank. [Downloadable!]
  2. Gerhard Fenz & Martin Spitzer, 2005. "AQM. The Austrian Quarterly Model of the Oesterreichische Nationalbank," Working Papers 104, Oesterreichische Nationalbank (Austrian Central Bank). [Downloadable!]
  3. Frédéric Boissay & Jean-Pierre Villetelle, 2005. "The French block of the ESCB multi-country model," Working Paper Series 456, European Central Bank. [Downloadable!]
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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. Aleksejs Melihovs & Gundars Davidsons, 2006. "The Role of Production Progress and Human Capital in the Economic Growth of Latvia," Working Papers 2006/03, Latvijas Banka. [Downloadable!]
Statistics
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This page was last updated on 2009-12-31.


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