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Business cycle synchronization between the EU and Western Balkan candidate economies: A Wavelet Analysis
Petar Jolakoski, Viktor Stojkoski, Dragan Tevdovski
Business cycle synchronization between EU and Western Balkan candidate economies is usually modeled with aggregate time-domain correlations that mix short-run and long-run dynamics…
Income Mobility and Mixing in North Macedonia
Viktor Stojkoski, Sonja Mitikj, Marija Trpkova-Nestorovska +1
This study presents the inaugural analysis of income mobility in North Macedonia from 1995-2021 using the Mixing Time and Mean First Passage Time (MFPT) metrics. We document larger…
Determinants of budget deficits: Focus on the effects from the COVID-19 crisis
Dragan Tevdovski, Petar Jolakoski, Viktor Stojkoski
This paper revisits the discussion on determinants of budget balances and investigates the change in their effect in light of the COVID-19 crisis by utilizing data on 43 countries…
The impact of state capacity on the cross-country variations in COVID-19 vaccination rates
Dragan Tevdovski, Petar Jolakoski, Viktor Stojkoski
The initial period of vaccination shows strong heterogeneity between countries' vaccinations rollout, both in the terms of the start of the vaccination process and in the dynamics…