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Working Papers - 2009 Serie


This newsletter is a new publication of the Bank of Albania, primarily targeting professional researchers, inside and outside the Bank, although other interested parties are more than welcome to use it in their daily work. It aims at informing on the scientific research carried o...
Published by Bank of Albania on 14.09.2009
This newsletter is a new publication of the Bank of Albania, primarily targeting professional researchers, inside and outside the Bank, although other interested parties are more than welcome to use it in their daily work. It aims at informing on the scientific research carried o...
Published by Bank of Albania on 09.09.2009
The aim of this paper is to estimate potential output and output gap for Albania, over the period 1996-2006. Potential output is estimated using the methods of linear regression, Hodrick Prescott filter and the production function approach. The results of the three methods are co...
Published by Vasilika Kota on 26.08.2009
The book you are holding in your hands contains a series of presentations made by distinguished national and international experts in the 7th Annual Conference of the Bank of Albania titled "Monetary Policy Strategies for Small Economies", held in Tirana on 6-7 December 2007. I ...
During the last 15 years Albania’s current account has wandered in deficits, which in most of the cases have reached well beyond the 5% of GDP, a broadly accepted measure of sustainability. This research investigates the sustainability properties of the Albanian current acc...
Published by Altin Ta nku, Evis Ruçaj, Argita Frasheri on 11.06.2009
This paper analyses the relationship between exchange rate and inflation in Albania. The first aim is to investigate the impact of exchange rate changes on domestic consumer prices and secondly throw some light on the importance of currency movements on the conduct of monetary po...
Published by Altin Tanku, Ilir Vika, Marian Gjermeni on 13.05.2009
The purpose of this paper is to verify the presence of Balassa – Samuelson effect and estimate it for Albanian economy. Investigation of Balassa-Samuelson (BS) constitutes an important aspect for the monetary policy pursued by central banks, because it lays emphasis on the ...
Published by Evelina Çeliku, Rajna Hoxholli on 13.05.2009
This paper contributes to the empirical findings on the bank lending channel of monetary policy in Albania by using the individual data from the main twelve commercial banks. In particular, it is aimed to analyze whether the private loans developments can be explained by changes ...
Published by Ilir Vika on 13.05.2009
Economic data and statistics are a key element for successful economic analysis and economic policy formulation, by both the public and the private sector. Actually, economic data and statistics fulfill all the requirements to be considered a public good. Unfortunately, the state...
Published by Risan Shllaku on 19.03.2009
This paper assesses the extent and the speed of exchange rate pass-through to consumers prices in Albania, using vector autoregressions models, VAR . Evidence shows that exchange rate pass-through for the period 1996-2006 is complete within a year. Meanwhile, a sub-sample analysi...
Published by Klodiana Istrefi, Valentina Semi on 19.03.2009

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