Work

Monetary policy and unemployment in Croatia

Year: 2016

Type: article

Abstract: Achieving full employment is one of the most important economic policy tasks. Economic policy affects employment primarily through monetary and fiscal policies, which with their instruments affect aggregate supply and demand for goods and services. The aim of this article is to determine the impact of monetary policy on unemployment in Croatia. For this purpose, the bounds testing (ARDL) approach for cointegration is applied. The results indicate the existence of stable cointegration relationship between the variables and show that Croatian monetary policy is quite limited in reducing unemployment.

Source: Economic Research-Ekonomska Istraživanja

DOI: 10.1080/1331677x.2016.1211955

Authors: Manuel Benazić, Jasmin Rami

Institution: Juraj Dobrila University of Pula

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $944