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Hsing Yu (Southeastern Louisiana University, Hammond, Louisiana, USA), Morgan Yun-Chen (Southeastern Louisiana University, Hammond, Louisiana, USA)
Is Real Depreciation and Expansionary Fiscal Policy Effective? : the Case of Serbia
Economics, Management and Sustainability, 2017, vol. 2, nr 2, s. 24-30, rys., tab., bibliogr. 28 poz.
Deficyt budżetowy, Deprecjacja, Polityka pieniężna, Stopa procentowa, Finanse publiczne
Budget deficit, Depreciation, Monetary policy, Interest rate, Public finance
JEL Classification: E62, F31
Applying the IS-MP-IA model to study the impacts of exchange rate movements, expansionary fiscal policy and other relevant variables in Serbia, we find that real appreciation of the dinar, a higher government deficit-to-GDP ratio, a lower real lending rate in the euro area, a lower lagged real oil price, a higher Germany's real GDP and a lower expected inflation rate would promote economic growth. (original abstract)
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