Loading...
Please wait, while we are loading the content...
Similar Documents
The effects of macroeconomic policies under fixed exchange rates: A Bayesian VAR analysis
| Content Provider | Scilit |
|---|---|
| Author | Tevdovski, Dragan Petrevski, Goran Bogoev, Jane |
| Copyright Year | 2019 |
| Description | Journal: Economic Research-Ekonomska Istraživanja 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. |
| Related Links | https://www.tandfonline.com/doi/pdf/10.1080/1331677X.2019.1579661?needAccess=true |
| Ending Page | 2160 |
| Page Count | 23 |
| Starting Page | 2138 |
| ISSN | 1331677X |
| e-ISSN | 18489664 |
| DOI | 10.1080/1331677x.2019.1579661 |
| Journal | Economic Research-Ekonomska Istraživanja |
| Issue Number | 1 |
| Volume Number | 32 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2019-01-01 |
| Access Restriction | Open |
| Subject Keyword | Journal: Economic Research-Ekonomska Istraživanja Religion and Religious Studies Fiscal Policy Monetary Policy Bayesian Var |
| Content Type | Text |
| Subject | Economics and Econometrics |
