| Effects of Fiscal Policy on the Maintenance of Macroeconomic
Stability in Serbia in the 2001-2007. Period | Efekti fiskalne politike na održavanje makroekonomske stabilnosti
u Srbiji u periodu 2001-2007. |
| Management, [pdf] | Menadžment, [pdf] |
| ID: 7.2009.53.6 Number: 53 Volume: XIV Month: 12 Year: 2009 UDC: 338.23:336.22(497.11)"2001/2007" [tmx] [bow] |
mr Mihajlo Babin
Institution: Faculty of Economics, finance and administration, Beograd | mr Mihajlo Babin
Institucija: Fakultet za ekonomiju, finansije i administraciju, Beograd |
Abstract
This paper presents the research conducted to find out the effects of fiscal policy in Serbia over the 2001-2007 period.
A dominantly procyclical fiscal policy had an unfavourable impact upon both external and internal balances.
Larger budgetary revenues were followed by equally increased budgetary expenditures, which in terms of
inadequately flexible aggregate supply created adverse pressures on the macroeconomic stability maintenance. | Apstrakt
U radu su istraživani efekti fiskalne politike u Srbiji tokom perioda 2001.-2007. Dominantno prociklična fiskalna politika je negativno uticala na spoljnu i unutrašnju ravnotežu. Povećanje javnih prihoda je praćeno
povećanjem tekućih javnih rashoda čime su u uslovima nedovoljno elastične agregatne ponude stvoreni negativni
pritisci na održavanje makroekonomske stabilnosti. |
| Pages: 43-46 | Strane: 43-46 |