Research Papers

This paper provides the modelling framework of the price formation block in the macro econometric Albanian model (MEAM). MEAM is constructed on neo-Keynesian theoretical principles, implying a vertical long-run aggregate supply curve with aggregate demand factors impacting supply in the short-run.

This paper applies a Quadratic Almost Ideal Demand System in Albanian pooled cross-sections data of almost 9000 households for the period 2005-2012. We bring together a comprehensive demand system composed of eight commodity groups matching the Institute of Statistics’ ECOICOP good classification: food, alcohol and tobacco, clothing, utilities, household goods, transportation, entertainment and other goods to obtain income compensated, uncompensated and cross-price price elasticities for each of these commodities.

The agricultural sector has been and continues to be a sector with a significant contribution to the Albanian economy, both in terms of value added and the number of employees. Considering its importance and role in the economy, attention to this sector and its development has been and continues to be a priority for both the private and public sector.

This report presents a summary of the results obtained from the financial and borrowing situation of mikro enterprises (1 to 4 employees), regarding to their access to finance, as well to their financial situation. This survey conducted for the first time in June 2017, by the Bank of Albania, in cooperation with INSTAT, aims to provide an overview of the financial situation of micro enterprises (1-4 employees), as well as supplementing information for small and large enterprises, which are part of this survey since 2010.

The assessment of the financial cycle and its various phases is important for building appropriate macroprudential policies and instruments aimed at mitigating systemic risk. The main purpose of this material is to assess the financial cycle in Albania by creating a synthetic indicator as its potential measure.