Horváth, Roman; Rusnák, Marek - William Davidson Institute, University of Michigan - 2008
policy seems to follow the ECB’s interest rates. On the other hand, spectacular Slovak economic growth is primarily driven by … ECB’s interest rates. On the other hand, spectacular Slovak economic
growth is primarily driven by domestic factors … monetary policy influence domestic economy (in our case how
monetary policy of the ECB affects Slovak economy).
Kim (2001 …