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Fiscal Policy And Financial Crisis

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  • Burim GASHI

    (Institute for European Integration – IIE, Kosovo)

Abstract

In this paper I will try to analyze the fiscal policy and to suggest fiscal policy measures as very crucial instrument to market economy during the global financial crisis. Decision makers of monetary and financial policy in Kosovo currently are not under taking significant measures to promote growth and development. Public spending is excessive; the public debt is constantly growing, current account deficit also. In addition unemployment is high, capital investments in public and private sectors are insufficient, as well as investments in science and education. Market infrastructure in Kosovo is not functional and market laws are not enforced. The central government in Kosovo is facing trade of between market liberalization and challenges with public spending. Therefore fiscal policy measures are insufficient and cannot stimulate economic growth.

Suggested Citation

  • Burim GASHI, 2014. "Fiscal Policy And Financial Crisis," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 262-270.
  • Handle: RePEc:ddj:fserec:y:2014:p:262-270
    as

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    References listed on IDEAS

    as
    1. Alan S. Blinder, 1980. "Inventories In The Keynesian Macro Model," Kyklos, Wiley Blackwell, vol. 33(4), pages 585-614, November.
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