| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5055314 | Economic Modelling | 2012 | 11 Pages |
Abstract
⺠Estimated monetary policy rules show Macedonia and Slovakia as inflation targeters. ⺠Macedonia is the more conservative one, despite official exchange rate targeting. ⺠Macroeconomic volatility in Slovakia is most influenced by monetary policy shocks. ⺠Exchange rate, policy and demand shocks are key drivers of volatility in Macedonia. ⺠Macedonia enjoys lower output/inflation volatility with higher interest/exchange rate volatility.
Keywords
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Martin Melecky,