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 macroeconomic performance Eurozone and EU member countries. The latter is achieved through a comparative study two countries, Slovenia Croatia, which only former state. Cross-country differences are observed over 2000-2018 period, thus covering all stages economic cycle. primary hypothesis that integration provides its members with comparably greater stability balanced growth rates. research elaborates possibilities effects more autonomous adjustments tailored to specific needs non-Eurozone Methodologically, exhibits an intricate nexus among theoretical, empirical, institutional economics shows country’s international interconnectedness, stemming from geographical links, bears importance than membership. Concurrently, this analysis confirms whether Eurozone’s benefits outweigh shortcoming monetary sovereignty abnegation depends predominantly capabilities individual countries institutions design execute effective monetary-fiscal policy mix.