Latvia's Macroeconomic Model


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.

Key words: macroeconomic model, Latvia

JEL classification codes: C3, C5, E12, E17

APA: Stikuts, D., Beņkovskis, K. (2021, 22. jan.). Latvia's Macroeconomic Model. Taken from https://www.macroeconomics.lv/node/2619
MLA: Stikuts, Dainis. Beņkovskis, Konstantīns. "Latvia's Macroeconomic Model" www.macroeconomics.lv. Tīmeklis. 22.01.2021. <https://www.macroeconomics.lv/node/2619>.
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