Series: IMF Working Papers
Author(s): Daniel Kanda
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2006
Keywords: Fiscal, monetary, trade balance, fiscal expenditure, fiscal tightening, disposable income, fiscal consolidation, Estimation, Model Construction and Estimation, General Aggregative Models: Forecasting and Simulation
This paper develops and estimates a model of the trade balance of Bosnia and Herzegovina. Credit flows and the fiscal stance are found to play a significant role in determining the trade balance. On this basis the...