Template-Type: ReDIF-Paper 1.0 Author-Name: Konstantins Benkovskis Author-X-Name-First: Konstantins Author-X-Name-Last: Benkovskis Author-Workplace-Name: Bank of Latvia Author-Name: Dainis Stikuts Author-X-Name-First: Dainis Author-X-Name-Last: Stikuts Author-Workplace-Name: Bank of Latvia Title: Latvia's Macroeconomic Model Abstract: The paper presents the first version of Latvia's Macroeconomic Model (LMM) built using the features and structure of an Area-Wide Model (AWM) for the euro area and Multi-Country Model (MCM) for a typical country block of the European System of Central Banks. This is one of the first attempts to create an econometric model that captures the Latvian economy as a whole and simultaneously modells the supply and demand sides, price and fiscal blocks, and the external sector. Creation-Date: 2006-06-19 File-URL: https://www.bank.lv/public_files/images/img_lb/izdevumi/english/citas/Latvias_Macroeconomic_Model.pdf File-Format: Application/pdf File-URL: https://www.macroeconomics.lv/sites/default/files/latvias_macroeconomic_model.pdf File-Format: Application/pdf Number: 2006/02 Classification-JEL: C3, C5, E12, E17 Keywords: macroeconomic model, Latvia X-File-Ref: https://repec.bank.lv/refs/wpaper200602.txt Handle: RePEc:ltv:wpaper:200602