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Autor
Hsing Yu (Southeastern Louisiana University, Hammond, Louisiana, USA), Morgan Yun-Chen (Southeastern Louisiana University, Hammond, Louisiana, USA)
Tytuł
Is Real Depreciation and Expansionary Fiscal Policy Effective? : the Case of Serbia
Źródło
Economics, Management and Sustainability, 2017, vol. 2, nr 2, s. 24-30, rys., tab., bibliogr. 28 poz.
Słowa kluczowe
Deficyt budżetowy, Deprecjacja, Polityka pieniężna, Stopa procentowa, Finanse publiczne
Budget deficit, Depreciation, Monetary policy, Interest rate, Public finance
Uwagi
Klasyfikacja JEL: E62, F31
summ.
Kraj/Region
Serbia
Serbia
Abstrakt
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)
Pełny tekst
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Bibliografia
Pokaż
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  8. Dragana, P., Đurović-Todorović, J., & Prole, L. (2014). The dynamycs of the volume and structure of interest on the public debt of the Republic of Serbia. Ekonomika, 60(4).
  9. Đukić, M., & Redžepagić, S. (2010). Fiscal responsibility and public debt. Economic Growth and Development of Serbia New Model, 329.
  10. Đurović-Todorović, J., Đorđević, M., & Vuković, M. (2017). Fiscal stress analysis in the Republic of Serbia. Economic Themes, 55(1), 55-69.
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  12. Grubišić, Z., & Kamenković, S. (2015). An analysis of the effects of the economic policy in Serbia by the Mundell-Fleming Model. Economic Themes, 53(1), 51-62.
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  15. Jovancai-Stakić, A., & Stokanović, J. (2015). The possibility of reaching the fulfillment of Maastricht convergence criteria in Serbia. Megatrend revija, 12(2), 111-122.
  16. Krstevska, A. (2015). Monetary policy objectives during the crisis: An overview of selected Southeast European Countries. Journal of Central Banking Theory and Practice, 4(1), 35-46.
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  24. Stučka, T. (2003). The impact of exchange rate changes on the trade balance in Croatia. Croatian National Bank Working Paper Series, No. W - 11, October 2003.
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Cytowane przez
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ISSN
2520-6303
Język
eng
URI / DOI
http://dx.doi.org/10.14254/jems.2017.2-2.3.
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