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The Eurozone's influence on the cyclical macroeconomic performance : comparative analysis of Slovenia and CroatiaTajnikar, Maks ; Došenović Bonča, Petra ; Rubinić, IvanThis paper analyses the impact of cyclical external shocks on the macroeconomic performance of Eurozone and EU member countries. The latter is achieved through a comparative study of two EU ... countries, Slovenia and Croatia, of which only the former is a Eurozone member state. Cross-country differences are observedover the 2000-2018 period, thus covering all stages of the economic cycle. The primary hypothesis is that the Eurozone economic integration provides its members with comparably greatermacroeconomic stability and balanced growth rates. The researchelaborates on the possibilities and effects of more autonomousmacroeconomic adjustments tailored to the specific needs of non-Eurozone EU countries. Methodologically, the study exhibitsan intricate nexus among theoretical, empirical, and institutionaleconomics and shows that the impact of the country's international interconnectedness, stemming from the economic andgeographical links, bears greater importance than Eurozone membership. Concurrently, this analysis confirms that whether theEurozone's benefits outweigh the shortcoming of monetary sovereignty abnegation depends predominantly on the capabilities ofindividual countries and Eurozone's institutions to design andexecute an effective monetary-fiscal policy mix.Source: Ekonomska istraživanja = Economic research. - ISSN 1331-677X (Vol. 36, iss. 2, article no. 2179502, 2023, 16 str.)Type of material - article, component part ; adult, seriousPublish date - 2023Language - englishCOBISS.SI-ID - 152032515
Author
Tajnikar, Maks |
Došenović Bonča, Petra |
Rubinić, Ivan
Topics
makroekonomija |
ekonomska politika |
Slovenija |
Hrvaška |
macroeconomics |
ekonomic policy |
Slovenia |
Croatia
source: Ekonomska istraživanja = Economic research. - ISSN 1331-677X (Vol. 36, iss. 2, article no. 2179502, 2023, 16 str.)
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Year | Impact factor | Edition | Category | Classification | ||||
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JCR | SNIP | JCR | SNIP | JCR | SNIP | JCR | SNIP |
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Database name | Field | Year |
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Links to authors' personal bibliographies | Links to information on researchers in the SICRIS system |
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Tajnikar, Maks | 09678 |
Došenović Bonča, Petra | 23012 |
Rubinić, Ivan |
Source: Personal bibliographies
and: SICRIS
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