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Impacts of macroeconomic policies on the Latvian output and policy implications

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  • Yu Hsing

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.

Suggested Citation

  • Yu Hsing, 2005. "Impacts of macroeconomic policies on the Latvian output and policy implications," Applied Economics Letters, Taylor & Francis Journals, vol. 12(8), pages 467-471.
  • Handle: RePEc:taf:apeclt:v:12:y:2005:i:8:p:467-471
    DOI: 10.1080/13504850500120136
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    References listed on IDEAS

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    Cited by:

    1. 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.
    2. Yuhsing, 2006. "Macroeconomic policies and output fluctuations in slovakia: Application of the taylor rule," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 53(2), pages 249-259, June.

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