Naslov
The monetary transmission mechanism in Croatia

Autori
Mlinarić, Danijel ; Štriga Tajana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
5. International Scientific Conference / - Celje : Kabis Laško, 2013, 477.-490.

ISBN
978-961-6825-83-2

Skup
Knowledge and business challenge of globalisation in 2013

Mjesto i datum
Celje, Slovenija, 14.11.2013. - 15.11.2013

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Monetary policy; monetary transmission mechanism; interest rate channel; European Union; Croatia

Sažetak
Great importance of understanding monetary transmission is visible in possibility of predicting consequences that certain action might have which is crucial for running a succesfull monetary policy. This is also important now when Croatia has joined European Union with all new circumstances in order to avoid an unpredictable situations. Paper is based on the traditional model of interest rates, which assumes that monetary policy through changes in the money supply affects interest rates, investments and consequently gross domestic product. Objective of this paper is to show ways of functioning mechanism of monetary transmission in Croatia and especially to explain effects of interest rates on real economic activity which is done by using quarterly data of gross domestic product and quarterly data of interest rates and utilizing the Least-squares method. Additional contribution of this work is that it provides informations on interest rate channel which is one of mechanism of monetary transmission in European Union.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA