structural model estimated on quarterly data for Macedonia and Slovakia over 1995-2007. The success of macroeconomic … Slovakia, the authors find that Macedonia has relatively weaker transmission mechanisms of monetary policy, higher output … relative to Slovakia. Hence, it appears that small, open economies with stronger economic rigidities should apply monetary …

structural model estimated on quarterly data for Macedonia and Slovakia over 1995-2007. The success of macroeconomic … Slovakia, the authors find that Macedonia has relatively weaker transmission mechanisms of monetary policy, higher output … relative to Slovakia. Hence, it appears that small, open economies with stronger economic rigidities should apply monetary …

structural model estimated on quarterly data for Macedonia and Slovakia over 1995-2007. The success of macroeconomic … Slovakia, we find that Macedonia has relatively weaker transmission mechanisms of monetary policy, higher output rigidity, a … Slovakia. Hence, it appears that small open economies with stronger economic rigidities should apply monetary policy regimes …