IDEAS home Printed from https://ideas.repec.org/a/eff/ekoeco/v17y2010i1p1-38.html
   My bibliography  Save this article

Platna bilanca, inozemna zaduženost i ekonomska politika Hrvatske

Author

Listed:
  • Dubravko Radoševi?

    (znanstveni suradnik, Ekonomski institut Zagreb)

Abstract

Istraživanje je uglavnom usmjereno na razmatranje problema deficita teku?eg dijela platne bilance i njegovog odnosa s inozemnim zaduživanjem. Rad se temelji na modernim teorijama platne bilance i nove makroekonomike za otvorene ekonomije. Istraživanje ima konkretne zaklju?ke za makroekonomske politike. Empirijski dio istraživanja bavi se me?uzavisnoš?u te?ajne politike i vanjskih makroekonomskih neravnoteža. Saldo teku?eg dijela platne bilance povezan je s aprecijacijom te?aja u ve?ini europskih tranzicijskih ekonomija. Mi ne dijelimo mišljenje nekih istraživanja koja govore o tome da postoji diskonekcija realnog te?aja, odnosno da su promjene realnog deviznog te?aja - u europskim tranzicijskim ekonomijama - statisti?ki insignifikantne determinante kretanja teku?eg ra?una platne bilance, barem na kratki rok. Temeljni zaklju?ci ovog istraživanja su: (1) hipoteza o diskonekciji realnog te?aja s teku?im dijelom platne bilance nije primjenljiva na slu?aj Hrvatske i (2) Hrvatska ima deficit teku?eg dijela bilance pla?anja, kao i inozemnu zaduženost znatno iznad održive razine koja je odre?ena teorijom optimalne razine zaduženosti. To je posljedica nekonzistentne hrvatske makroekonomske politike, posebice jer kreatori ekonomske politike nisu uzeli u obzir „signaliziraju?u ulogu“ deficita teku?eg dijela platne bilance. U zaklju?ku se predlaže nova kombinacija fiskalne i monetarne politike. Prilago?avanje platne bilance mora biti kombinacija disapsorpcije i promjene relativnih cijena, ali uzevši u obzir i djelovanje zakona trileme za otvorenu ekonomiju i hipoteze o dvostrukim deficitima, primjereno ekonomiji Hrvatske.

Suggested Citation

  • Dubravko Radoševi?, 2010. "Platna bilanca, inozemna zaduženost i ekonomska politika Hrvatske," Ekonomija Economics, Rifin d.o.o., vol. 17(1), pages 1-38.
    • Handle: RePEc:eff:ekoeco:v:17:y:2010:i:1:p:1-38
    as

    Download full text from publisher

    File URL: http://www.rifin.com/images/stories/2010/09/Economija_Economics_%20god_17_%20br_1.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    platna bilanca; switching politika; kapitalni tokovi; održivost platne bilance; upozoravaju?a uloga deficita teku?eg dijela bilance pla?anja; antikrizne politike.;
    All these keywords.

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eff:ekoeco:v:17:y:2010:i:1:p:1-38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Neven Vidakovic (email available below). General contact details of provider: http://www.rifin.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.