TITLE

DOMETI EKONOMSKE POLITIKE U PREVAZILAŽENJU EFEKATA GLOBALNE EKONOMSKE KRIZE NA EKONOMIJU SRBIJE

AUTHOR(S)
Praščevič, Aleksandra
PUB. DATE
January 2013
SOURCE
Economic Horizons / Ekonomski Horizonti;Jan-Apr2013, Vol. 15 Issue 1, p17
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The paper deals with the extent to which the economic policy in Serbia has managed to respond to the economic problems imposed by the global economic crisis and how the restrictions in the form of political instability and political influence, present also before the crisis, influenced the economic policy formulated to combat the crisis. Globally, the economic crisis has resulted in the fact that instead of the rules in economic policy making, with the key objective of maintaining price stability, now discretion and fiscal policy are being promoted, with the aim of overcoming the problem of unemployment. Significant use of discretion in economic policy generally imposes the problem of competence and possible political motives of the economic policy makers. It is the limitations of underdeveloped institutions and a wrong model of growth that have contributed to the fact that the results of economic policy in Serbia have not been significant. Serbia is facing the negative consequences of the measures implemented in the form of high budget deficits, public debt and inflation, while the effects on economic activity and employment have failed, causing present choice between rules and discretion.
ACCESSION #
87684584

 

Related Articles

  • The Impact of Inflation and Unemployment on Subjective Personal and Country Evaluations. Gandelman, Néstor; Hernández-Murillo, Rubén // Review (00149187);May/Jun2009, Vol. 91 Issue 3, p107 

    The authors use data from the Gallup World Poll to analyze what determines individual assessments of past, present, and future personal and country well-being. These measures allow the analysis of two dimensions of happiness data not previously examined in the literature: the better-than-average...

  • Serbia plans to borrow $7.8 bln in 2014.  // Regional Today;11/5/2013, p3 

    The article provides information on Serbia's budget bill for 2014. According to the article, the draft budget offers borrowings of 662.5 billion Serbian dinars to finance the deficit and debt to foreign and local creditors. The article notes that the forecasted gross domestic product (GDP)...

  • IMPLICATIONS OF FISCAL DEFICITS AND PUBLIC DEBT IN SERBIA: WHAT THE ECONOMY CAN HOPE? Vukovic, Marija // Economic Outlook / Ekonomski Pogledi;2012, Issue 3, p31 

    This paper investigates the stability and the repercussions of the fiscal deficit in the long and short term in Serbia. The deficit is showing considerable resilience and the level of debt. In addition, the degree of resistance depends on the cause of the growth of the budget deficit. Most...

  • THE ADJUSTMENT OF DEVELOPING STRATEGIES OF DOMESTIC ENTERPRISES UNDER THE CONDITION OF GLOBAL BUSINESS. Bejatović, Milorad; Bejatović, Goran; Bejatović, Gordana // Ekonomika;oct-dec2014, Vol. 60 Issue 4, p131 

    In order for a small country, such as Serbia, to be included in the trends of the modern world market primarily depends on the quality of the functioning of domestic enterprises as leaders of the economic integration. This serious and responsible task should enable domestic enterprises to handle...

  • Serbia inflation 2.4% in November.  // Regional Today;12/15/2014, p2 

    The article discusses Serbia's inflation figures, food and non-alcoholic beverage prices and the Serbian interest rates.

  • THE DYNAMYCS OF THE VOLUME AND STRUCTURE OF INTEREST ON THE PUBLIC DEBT OF THE REPUBLIC OF SERBIA. Dragana, Petković; Đurović-Todorović, Jadranka; Prole, Ljiljana // Ekonomika;oct-dec2014, Vol. 60 Issue 4, p253 

    This paper analyses the fluctuation of interest on the public debt, as one of the oldest kinds of transfers which is closely related to the indebtedness of the state. The analysis of the expenditure dynamics for interest on public debt covers the period between 2003 and 2013. The goal of this...

  • DEBT CRISIS AND ITS SETTLEMENT.  // Zbornik Radova Ekonomskog Fakulteta u Istocnom Sarajevu;2012, Issue 6, p259 

    The financial crisis has been characterized as a systematic character of its debt early 2008. until today the country is motivated and economic experts around the world to find adequate solutions to stabilize the world economy and led the growth phase. This paper presents a brief systematization...

  • Emergency Jobs.  // America;12/4/1982, Vol. 147 Issue 18, p343 

    The author reflects on the increasing unemployment rate in the U.S. The author believes that the world has entered a second great depression of the century and has caused most of the countries' economy into a significant decline. Despite of the worst economic situation of the country, U.S....

  • The Picture--Small and Big: Iceland and the Crises. Baruchello, Giorgio // Nordicum-Mediterraneum;2014, Vol. 9 Issue 3, p10 

    A conference paper about the economic crisis in Iceland in 2008 is presented. It states that in October 2008, the gross domestic product (GDP) of Iceland declined; the stock market stopped functioning; interest rates and inflation were at 18 percent; and unemployment increased sharply from 1...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics