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Pregled bibliografske jedinice broj: 836035

On the neutrality of money in CEE (EU member) states: A panel cointegration analysis


Škare, Marinko; Benazić, Manuel; Tomić, Daniel
On the neutrality of money in CEE (EU member) states: A panel cointegration analysis // Acta oeconomica, 66 (2016), 3; 393-418 doi:10.1556/032.2016.66.3.2 (međunarodna recenzija, članak, znanstveni)


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Naslov
On the neutrality of money in CEE (EU member) states: A panel cointegration analysis

Autori
Škare, Marinko ; Benazić, Manuel ; Tomić, Daniel

Izvornik
Acta oeconomica (0001-6373) 66 (2016), 3; 393-418

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
money non-neutrality ; monetary policy ; panel cointegration analysis ; CEE countries

Sažetak
The concept of money neutrality is an important pillar of the mainstream economic literature. It implies that autonomous changes in the money supply have no influence on real macroeconomic variables in the long run. The goal of this paper is to test the validity of (long-run) money neutrality proposition in the CEE (EU member) states. The empirical research is based on panel cointegration analysis which utilises annual data on real output and broad (M2) as well as narrow (M1) monetary aggregates over the 1995–2013 period for 11 ex-socialist EU countries. The results suggest that the money neutrality proposition could be rejected in both cases when narrow or broad measure of money supply is applied, meaning that an active monetary policy could and should be used as a stabilisation instrument as well as in stimulating real economic activity.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Rad je dio MEGASFORA projekta.



POVEZANOST RADA


Projekti:
IP-2013-11-9481 - Modeliranje ekonomskog rasta - napredno sekvenciranje i algoritam predviđanja (MEGASFORA) (Škare, Marinko, HRZZ - 2013-11) ( POIROT)

Ustanove:
Sveučilište Jurja Dobrile u Puli

Profili:

Avatar Url Daniel Tomić (autor)

Avatar Url Manuel Benazić (autor)

Avatar Url Marinko Škare (autor)

Poveznice na cjeloviti tekst rada:

doi akjournals.com

Citiraj ovu publikaciju:

Škare, Marinko; Benazić, Manuel; Tomić, Daniel
On the neutrality of money in CEE (EU member) states: A panel cointegration analysis // Acta oeconomica, 66 (2016), 3; 393-418 doi:10.1556/032.2016.66.3.2 (međunarodna recenzija, članak, znanstveni)
Škare, M., Benazić, M. & Tomić, D. (2016) On the neutrality of money in CEE (EU member) states: A panel cointegration analysis. Acta oeconomica, 66 (3), 393-418 doi:10.1556/032.2016.66.3.2.
@article{article, author = {\v{S}kare, Marinko and Benazi\'{c}, Manuel and Tomi\'{c}, Daniel}, year = {2016}, pages = {393-418}, DOI = {10.1556/032.2016.66.3.2}, keywords = {money non-neutrality, monetary policy, panel cointegration analysis, CEE countries}, journal = {Acta oeconomica}, doi = {10.1556/032.2016.66.3.2}, volume = {66}, number = {3}, issn = {0001-6373}, title = {On the neutrality of money in CEE (EU member) states: A panel cointegration analysis}, keyword = {money non-neutrality, monetary policy, panel cointegration analysis, CEE countries} }
@article{article, author = {\v{S}kare, Marinko and Benazi\'{c}, Manuel and Tomi\'{c}, Daniel}, year = {2016}, pages = {393-418}, DOI = {10.1556/032.2016.66.3.2}, keywords = {money non-neutrality, monetary policy, panel cointegration analysis, CEE countries}, journal = {Acta oeconomica}, doi = {10.1556/032.2016.66.3.2}, volume = {66}, number = {3}, issn = {0001-6373}, title = {On the neutrality of money in CEE (EU member) states: A panel cointegration analysis}, keyword = {money non-neutrality, monetary policy, panel cointegration analysis, CEE countries} }

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • Social Science Citation Index (SSCI)
    • SCI-EXP, SSCI i/ili A&HCI
  • Scopus
  • EconLit


Uključenost u ostale bibliografske baze podataka::


  • Geobase
  • Journal of Economic Literature


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