Macedonia bank has new model for market prognoses

MACEDONIA - The National Bank of Macedonia (NBM) has developed a new econometric model for macroeconomic prognoses and for simulation of some market movements to judge on their effect.

NBM is capable to project market demand, investments, exports, imports, inflation, prices, employment, the current account of the state budget and the country's foreign debt for two years in advance by the Makmodel method. The new instrument was developed in cooperation with experts of the Dutch Central Bank.