Aim of the Competition: to promote the research and analysis of Latvia's macroeconomic issues and to facilitate advancement of student scientific thinking.

The following may participate in the Competition: 1) citizens and residents of the Republic of Latvia as well as foreigners who at the time of the Competition are registered as students of institutions of higher education accredited by the Republic of Latvia Ministry of Education and Science; 2) citizens and residents of the Republic of Latvia who at the time of the Competition are registered as students of institutions of higher education accredited as such according to the laws and regulations of foreign countries.

Topics: a wide range of macroeconomic topics to be discussed in the economic context of Latvia, the Baltic States or the euro area are proposed for the Competition paper: assessment of the euro area sustainability in the context of the optimum currency area criteria, analysis of the monetary policy transmission of the European Central Bank in the Baltic States, , analysis of the real convergence of the Baltic States with the euro area, factors supporting total factor productivity in the Baltic States, assessment of the effectiveness of the use of the European Union structural funds and foreign direct investment for the Baltic States, impact of fiscal policies on the economy, short-term forecasting of Latvia's GDP, equilibrium price on Latvia's real estate market, competitive analysis of sectors of Latvia's economy etc.

The winners will be awarded six awards; EUR 2 000 to the first-place winner.

The Competition papers will be submitted to Latvijas Banka between 18 May and 29 May 2015 in both paper and electronic form.

The Regulation, inter alia, the requirements set herein and a full list of topics are available here.

The results of the Competition will be published by 30 June 2015 on the websites of Latvijas Banka (www.bank.lv and www.macroeconomics.lv).

The winners will be invited to a discussion which will be presented at www.macroeconomics.lv.

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