Please use this identifier to cite or link to this item:
http://hdl.handle.net/20.500.12188/6768
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Tevdovski, Dragan | en_US |
dc.contributor.author | Petrevski, Goran | en_US |
dc.contributor.author | Bogoev, Jane | en_US |
dc.date.accessioned | 2020-02-05T06:54:27Z | - |
dc.date.available | 2020-02-05T06:54:27Z | - |
dc.date.issued | 2019-01 | - |
dc.identifier.uri | http://hdl.handle.net/20.500.12188/6768 | - |
dc.description.abstract | We analyse the effects of fiscal and monetary policies in Croatia and Macedonia estimated by a Bayesian vector autoregression (VAR). The main results of the study are as follows. Fiscal tightening leads to economic expansion in Macedonia and a decline in economic activity in Croatia. In both countries fiscal tightening leads to a decline in inflation and money market rates. Monetary tightening leads to output contraction and a decline in inflation in both countries. We find an opposite reaction of the fiscal authorities to a monetary shock, i.e., monetary contraction is accompanied by fiscal tightening in Croatia and by loose fiscal policy in Macedonia. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Informa UK Limited | en_US |
dc.relation.ispartof | Economic Research-Ekonomska Istraživanja | en_US |
dc.subject | Fiscal policy, monetary policy, Bayesian VAR | en_US |
dc.title | The effects of macroeconomic policies under fixed exchange rates: A Bayesian VAR analysis | en_US |
dc.type | Journal Article | en_US |
dc.identifier.doi | 10.1080/1331677x.2019.1579661 | - |
dc.identifier.url | https://www.tandfonline.com/doi/pdf/10.1080/1331677X.2019.1579661 | - |
dc.identifier.volume | 32 | - |
dc.identifier.issue | 1 | - |
item.grantfulltext | none | - |
item.fulltext | No Fulltext | - |
crisitem.author.dept | Faculty of Economics | - |
crisitem.author.dept | Faculty of Economics | - |
Appears in Collections: | Faculty of Economics 03: Journal Articles / Статии во научни списанија |
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