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  • Empirical analysis of monetary policy = Empirična analiza denarne politike na Hrvaškem in v Sloveniji : Croatia vs. Slovenija
    Vidaković, Neven
    This paper tries to explain empirical causation between exports and the real exchange rate. The paper develops a simple model based on the relationship of exports to real interest rate differential, ... foreign demand for domestic goods, and real exchange rate. The paper then tests the model with empirical data from Croatia and Slovenia. The empirical analysis in the paper finds that there is a very limited relationship between real interest rate differentials, foreign demand and exports. However, there is a strong relationship between exports and the real exchange rate. When empirically tested, the model confirms that the monetary policy of sliding exchange rate in Slovenia was vastly superior to the monetary policy of fixed exchange rate in Croatia.
    Vrsta gradiva - članek, sestavni del ; neleposlovje za odrasle
    Leto - 2007
    Jezik - angleški
    COBISS.SI-ID - 17012966