Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2017.1305803
Monetary freedom and economic growth in New European Union Member States
Vladan Ivanović
orcid.org/0000-0001-9205-8645
Nenad Stanišić
orcid.org/0000-0002-7070-4826
Sažetak
This paper analyses the relationship between monetary freedom
(index measured by the Heritage Foundation) and real economic
growth of 11 new member states of the European Union. 19-year
panel data regression with fixed effects over the period of 1997–
2015 reveals that the real GDP growth of the selected countries is
positively affected by the degree of monetary freedom. However,
the relationship between monetary freedom and real GDP growth
has weakened after the global recession of 2008. Monetary freedom
was not jeopardized during the crisis, while real GDP growth declined
significantly in most of economies studied.
Ključne riječi
Economic growth; monetary freedom; transition; Central and Eastern Europe
Hrčak ID:
180829
URI
Datum izdavanja:
1.12.2017.
Posjeta: 903 *