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https://doi.org/10.1080/1331677X.2015.1059073

Monetary and fiscal policy mix in a small open economy: the case of Croatia

Tomislav Ćorić
Hrvoje Šimović   ORCID icon orcid.org/0000-0002-4040-0899
Milan Deskar-Škrbić   ORCID icon orcid.org/0000-0002-7611-2071

Puni tekst: engleski, pdf (508 KB) str. 407-421 preuzimanja: 742* citiraj
APA 6th Edition
Ćorić, T., Šimović, H. i Deskar-Škrbić, M. (2015). Monetary and fiscal policy mix in a small open economy: the case of Croatia. Economic research - Ekonomska istraživanja, 28 (1), 407-421. https://doi.org/10.1080/1331677X.2015.1059073
MLA 8th Edition
Ćorić, Tomislav, et al. "Monetary and fiscal policy mix in a small open economy: the case of Croatia." Economic research - Ekonomska istraživanja, vol. 28, br. 1, 2015, str. 407-421. https://doi.org/10.1080/1331677X.2015.1059073. Citirano 28.01.2020.
Chicago 17th Edition
Ćorić, Tomislav, Hrvoje Šimović i Milan Deskar-Škrbić. "Monetary and fiscal policy mix in a small open economy: the case of Croatia." Economic research - Ekonomska istraživanja 28, br. 1 (2015): 407-421. https://doi.org/10.1080/1331677X.2015.1059073
Harvard
Ćorić, T., Šimović, H., i Deskar-Škrbić, M. (2015). 'Monetary and fiscal policy mix in a small open economy: the case of Croatia', Economic research - Ekonomska istraživanja, 28(1), str. 407-421. https://doi.org/10.1080/1331677X.2015.1059073
Vancouver
Ćorić T, Šimović H, Deskar-Škrbić M. Monetary and fiscal policy mix in a small open economy: the case of Croatia. Economic research - Ekonomska istraživanja [Internet]. 2015 [pristupljeno 28.01.2020.];28(1):407-421. https://doi.org/10.1080/1331677X.2015.1059073
IEEE
T. Ćorić, H. Šimović i M. Deskar-Škrbić, "Monetary and fiscal policy mix in a small open economy: the case of Croatia", Economic research - Ekonomska istraživanja, vol.28, br. 1, str. 407-421, 2015. [Online]. https://doi.org/10.1080/1331677X.2015.1059073

Sažetak
In this article we use a structural vector autoregression (VAR) model to analyse the possibilities of monetary and fiscal policy in achieving main economic policy goals, namely price stability and economic growth, in Croatia from 2004 to 2012. Our main results indicate that expansionary monetary and fiscal policies both have positive
effects on economic activity. On the other hand, fiscal expansion leads to nominal exchange rate appreciation while monetary expansion has depreciation effects on nominal exchange rate. Thus the main conclusion of the article is that coordinated measures
of monetary and fiscal policies could achieve both goals, i.e. that fiscal and monetary authorities can stimulate economic growth without endangering price stability.

Ključne riječi
monetary policy; fiscal policy; SVAR; Croatia

Hrčak ID: 171538

URI
https://hrcak.srce.hr/171538

Posjeta: 929 *