economists from the Croatian National Bank, Ivo Krznar and Ana Maria Čeh focused on the model...international reserves while Darko Pongrac examined the use of a...
restricted ( 840 obs, 28 countries, longer time series)
• Very simple baseline model...*
9
Highlights – full sample
• Strong evidence against the random walk...
It is important to note that asset prices fit naturally into
any modern central bank...In a recent paper, Jeremy Stein (2004) constructs just
such a...
In modern central banking, transparency is not only a
democratic standard, but also...for all five variables = 1
Does the central bank disclose the macroeconomic ...
Effects of Crisis and EU Accession on
Croatian Merchandise Trade : A Gravity
Model...changes in the trade structure
to better understand this changes – gravity...
1994 to 4 per cent in 2000 – essentially
full employment for the first time in modern...sustained by a wider illusion, the myth of the
sophisticated risk management...
