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The main aim of the project is creation of structural macroeconometric forecasting model for Montenegro. This model will be used for quarterly economic forecasts as well as for simulations of alternative outcomes based on different assumptions about the conditioning variables, both domestic and international. The core of the Montenegrin macroeconometric model will consist of a structural model comprising the most important aggregates and prices of national accounting, following the latest ESVG 2010 standard. Among other macroeconomic variables, Macroeconomic model covers analysis of energy consumption.
Project
