Is Real Depreciation and Expansionary Fiscal Policy Effective? : the Case of Serbia

• Autorzy: Yu Hsing , Yun-Chen Morgan
• Języki publikacji: EN

Abstrakty

EN

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)

Słowa kluczowe

EN

Public finance; Budget deficit; Depreciation; Monetary policy; Interest rate

PL

Finanse publiczne; Deficyt budżetowy; Deprecjacja; Polityka pieniężna; Stopa procentowa

• Czasopismo: Economics, Management and Sustainability
• Rocznik: 2017
• Tom: 2
• Numer: nr 2
• Strony: 24--30

Twórcy

autor

Yu Hsing

• Southeastern Louisiana University, Hammond, Louisiana, USA

autor

Yun-Chen Morgan

• Southeastern Louisiana University, Hammond, Louisiana, USA

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Identyfikatory

DOI

10.14254/jems.2017.2-2.3.