20.500.12556/RUL-146438 The Eurozone’s influence on the cyclical macroeconomic performance comparative analysis of Slovenia and Croatia This paper analyses the impact of cyclical external shocks on the macroeconomic performance of Eurozone and EU member countries. The latter is achieved through a comparative study of two EU countries, Slovenia and Croatia, of which only the former is a Eurozone member state. Cross-country differences are observed over the 2000-2018 period, thus covering all stages of the economic cycle. The primary hypothesis is that the Eurozone economic integration provides its members with comparably greater macroeconomic stability and balanced growth rates. The research elaborates on the possibilities and effects of more autonomous macroeconomic adjustments tailored to the specific needs of non-Eurozone EU countries. Methodologically, the study exhibits an intricate nexus among theoretical, empirical, and institutional economics and shows that the impact of the country’s international interconnectedness, stemming from the economic and geographical links, bears greater importance than Eurozone membership. Concurrently, this analysis confirms that whether the Eurozone’s benefits outweigh the shortcoming of monetary sovereignty abnegation depends predominantly on the capabilities of individual countries and Eurozone’s institutions to design and execute an effective monetary-fiscal policy mix. macroeconomics economic policy Slovenia Croatia Eurozone accession macroeconomic effects cyclical fluctuations makroekonomija ekonomska politika Slovenija Hrvaška true false true Angleški jezik Slovenski jezik Članek v reviji 2023-06-01 09:56:43 2023-06-01 10:03:44 2024-02-28 11:35:33 0000-00-00 00:00:00 2023 0 0 24 str. no. 2, art. 2179502 Vol. 36 2023 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 338.2 1331-677X 10.1080/1331677X.2023.2179502 152032515 The_Eurozone’s_influence_on_the_cyclical_macroeconomic_performance_comparative_analysis_of_Slovenia_and_Croatia.pdf The_Eurozone’s_influence_on_the_cyclical_macroeconomic_performance_comparative_analysis_of_Slovenia_and_Croatia.pdf 1 CED38F8D1FF1C08308C5B677C50EA04C ae48aa4d4c7b0f4f35661b64a7a43885dd152ace6a075bd1f61e19f86e6b2d8d 3b9430e6-0052-11ee-a314-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=169633 https://www.tandfonline.com/doi/full/10.1080/1331677X.2023.2179502 0 4214284e-0052-11ee-a314-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=169634 Ekonomska fakulteta 0 0 0