Izvorni znanstveni članak
Efficiency of the Monetary Transmission Mechanism in Croatia
Velimir Doležal
Puni tekst: hrvatski pdf 554 Kb
str. 27-55
preuzimanja: 1.854
citiraj
APA 6th Edition
Doležal, V. (2011). Efficiency of the Monetary Transmission Mechanism in Croatia. Privredna kretanja i ekonomska politika, 21 (128), 27-55. Preuzeto s https://hrcak.srce.hr/74144
MLA 8th Edition
Doležal, Velimir. "Efficiency of the Monetary Transmission Mechanism in Croatia." Privredna kretanja i ekonomska politika, vol. 21, br. 128, 2011, str. 27-55. https://hrcak.srce.hr/74144. Citirano 31.12.2024.
Chicago 17th Edition
Doležal, Velimir. "Efficiency of the Monetary Transmission Mechanism in Croatia." Privredna kretanja i ekonomska politika 21, br. 128 (2011): 27-55. https://hrcak.srce.hr/74144
Harvard
Doležal, V. (2011). 'Efficiency of the Monetary Transmission Mechanism in Croatia', Privredna kretanja i ekonomska politika, 21(128), str. 27-55. Preuzeto s: https://hrcak.srce.hr/74144 (Datum pristupa: 31.12.2024.)
Vancouver
Doležal V. Efficiency of the Monetary Transmission Mechanism in Croatia. Privredna kretanja i ekonomska politika [Internet]. 2011 [pristupljeno 31.12.2024.];21(128):27-55. Dostupno na: https://hrcak.srce.hr/74144
IEEE
V. Doležal, "Efficiency of the Monetary Transmission Mechanism in Croatia", Privredna kretanja i ekonomska politika, vol.21, br. 128, str. 27-55, 2011. [Online]. Dostupno na: https://hrcak.srce.hr/74144. [Citirano: 31.12.2024.]
Puni tekst: engleski pdf 136 Kb
str. 27-55
preuzimanja: 493
citiraj
APA 6th Edition
Doležal, V. (2011). Efficiency of the Monetary Transmission Mechanism in Croatia. Privredna kretanja i ekonomska politika, 21 (128), 27-55. Preuzeto s https://hrcak.srce.hr/74144
MLA 8th Edition
Doležal, Velimir. "Efficiency of the Monetary Transmission Mechanism in Croatia." Privredna kretanja i ekonomska politika, vol. 21, br. 128, 2011, str. 27-55. https://hrcak.srce.hr/74144. Citirano 31.12.2024.
Chicago 17th Edition
Doležal, Velimir. "Efficiency of the Monetary Transmission Mechanism in Croatia." Privredna kretanja i ekonomska politika 21, br. 128 (2011): 27-55. https://hrcak.srce.hr/74144
Harvard
Doležal, V. (2011). 'Efficiency of the Monetary Transmission Mechanism in Croatia', Privredna kretanja i ekonomska politika, 21(128), str. 27-55. Preuzeto s: https://hrcak.srce.hr/74144 (Datum pristupa: 31.12.2024.)
Vancouver
Doležal V. Efficiency of the Monetary Transmission Mechanism in Croatia. Privredna kretanja i ekonomska politika [Internet]. 2011 [pristupljeno 31.12.2024.];21(128):27-55. Dostupno na: https://hrcak.srce.hr/74144
IEEE
V. Doležal, "Efficiency of the Monetary Transmission Mechanism in Croatia", Privredna kretanja i ekonomska politika, vol.21, br. 128, str. 27-55, 2011. [Online]. Dostupno na: https://hrcak.srce.hr/74144. [Citirano: 31.12.2024.]
Sažetak
This paper analyzes the efficiency of monetary policy transmission through channels of exchange rate, money stock and interest rate on real economic activity and prices in Croatia. Methodology is based on the vector error-correction model (VECM) and Johansen’s cointegration. The results indicate a long-run relation between monetary policy measures on one side and real economic activity and price levels on the other. The strongest long-run channel of monetary transmission is the exchange rate channel, while the channel of money stock is slightly weaker. The results also show an impact of the interest rate channel, which was not the case in earlier studies analyzing its impact on real economic activity.
Ključne riječi
monetary transmission mechanism; VECM model; Johansen’s cointegration; Croatia
Hrčak ID:
74144
URI
https://hrcak.srce.hr/74144
Datum izdavanja:
17.11.2011.
Podaci na drugim jezicima:
hrvatski
Posjeta: 3.969
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