
KCI등재
학술저널
Application of the IS-MP-IA Model and the Taylor Rule to Croatia
Policy Implications for Economic Integration
- Yu Hsing
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제21권 제1호
- 등재여부 : KCI등재
- 2006.03
- 147 - 156 (10 pages)
Applying the IS-MP-IA model and the Taylor rule, this study finds that a lower expected inflation rate, real appreciation, a lower federal funds rate, and more world output would help increase the Croatian output. The insignificance of government deficit spending suggests that the Ricardian-equivalence hypothesis may be applicable to Croatia. The conventional wisdom to pursue currency devaluation to stimulate the economy may not work for Croatia.
Ⅰ. Introduction
Ⅱ. Theoretical Model
Ⅲ. Empirical Results
Ⅳ. Summary and Conclusions