IDEAS home Printed from https://ideas.repec.org/a/eff/ekoeco/v21y2014i2p85-112.html
   My bibliography  Save this article

Dugovno–deflacijska kriza u Hrvatskoj

Author

Listed:
  • Dubravko Radoševic

    (viši znanstveni suradnik, Ekonomski institut Zagreb)

Abstract

Dinamika hrvatske krize izrazito je nepovoljna, a Hrvatska je iz faze dezinflacije (usporavanja stope rasta cijena) i niske inflacije (ispod optimalne stope inflacije od oko 2 posto) ušla u fazu deflacije (pad opce razine cijena), odnosno u fazu tzv. „stagdeflacije“, prolongirane recesije s deflacijom. Situacija ekonomske stagnacije (recesije) s niskom inflacijom, odnosno deflacijom, uzrokom je ulaska Hrvatske u fazu „ekonomske depresije“, odnosno tzv. deflacijske spirale. U istra- živanju se analizira monetarni fenomen deflacije u Hrvatskoj i daju naznake kontraciklicke monetarne politike. Predlažemo prelazak na novu monetarnu strategiju ciljanja inflacije, uz utvrcivanje srednjorocne projekcije stope inflacije, i ciljanu stopu inflacije u rasponu izmecu 2 i 3 posto godišnje

Suggested Citation

  • Dubravko Radoševic, 2014. "Dugovno–deflacijska kriza u Hrvatskoj," Ekonomija Economics, Rifin d.o.o., vol. 21(1), pages 85-112.
    • Handle: RePEc:eff:ekoeco:v:21:y:2014:i:2:p:85-112
    as

    Download full text from publisher

    File URL: http://www.rifin.com/images/stories/2014/10/ekonomija_economics_broj_21_1_za_arhivu_ili_web.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Thomas Herndon & Michael Ash & Robert Pollin, 2014. "Does high public debt consistently stifle economic growth? A critique of Reinhart and Rogoff," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 38(2), pages 257-279.
    2. Dani Rodrik, 2006. "Institutions for High-Quality Growth: What They Are and How to Acquire Them," Chapters, in: Kartik Roy & Jörn Sideras (ed.), Institutions, Globalisation and Empowerment, chapter 2, Edward Elgar Publishing.
    3. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
    4. Jeffrey A. Frankel, 1999. "No Single Currency Regime is Right for All Countries or At All Times," NBER Working Papers 7338, National Bureau of Economic Research, Inc.
    5. Bichler, Shimshon & Nitzan, Jonathan, 2012. "The Asymptotes of Power," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 60, pages 18-53.
    6. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-499, June.
    7. Gastanaga, Victor M. & Nugent, Jeffrey B. & Pashamova, Bistra, 1998. "Host Country Reforms and FDI Inflows: How Much Difference do they Make?," World Development, Elsevier, vol. 26(7), pages 1299-1314, July.
    8. Marco Neuhaus, 2006. "The Impact of FDI on Economic Growth," Contributions to Economics, Springer, number 978-3-7908-1735-5, March.
    9. John H. Dunning, 2002. "Global Capitalism, FDI and Competitiveness," Books, Edward Elgar Publishing, number 2475.
    10. Joseph Stiglitz, 2011. "The Failure of Macroeconomics in America," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 19(5), pages 17-30, September.
    11. Patrizio Bianchi & Sandrine Labory (ed.), 2006. "International Handbook on Industrial Policy," Books, Edward Elgar Publishing, number 3451.
    12. Joseph E. Stiglitz, 2011. "Rethinking Macroeconomics: What Failed, And How To Repair It," Journal of the European Economic Association, European Economic Association, vol. 9(4), pages 591-645, August.
    13. Infelise, Federico, 2014. "Supporting Access to Finance by SMEs: Mapping the initiatives in five EU countries," ECMI Papers 9188, Centre for European Policy Studies.
    14. Schuker, S.A., 1988. "American "Reparations" To Germany, 1919-33: Implication For The Third World Debt Crisi," Princeton Studies in International Economics 61, International Economics Section, Departement of Economics Princeton University,.
    15. Mr. Jochen R. Andritzky, 2007. "Capital Market Development in a Small Country: The Case of Slovenia," IMF Working Papers 2007/229, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sofija Adžic, 2014. "Kako investirati u uslovima globalizacije studija slucaja za Srbiju," Ekonomija Economics, Rifin d.o.o., vol. 21(1), pages 209-249.
    2. Aljoša Šestanovic, 2014. "Treba li Hrvatskoj burza vrijednosnih papirac – kriticki osvrt," Ekonomija Economics, Rifin d.o.o., vol. 21(1), pages 161-186.
    3. Tihomir Domazet, 2014. "Investicije kao uzrok krize i investicije u novoj ekonomici rasta i pune zaposlenosti," Ekonomija Economics, Rifin d.o.o., vol. 21(1), pages 1-26.
    4. Žarko Primorac, 2014. "Investicije kao pokretac rasta i izlaska iz recesije," Ekonomija Economics, Rifin d.o.o., vol. 21(1), pages 67-84.
    5. Branko Parac, 2014. "Hrvatski porezni sustav: Je li u funkciji investiranjac," Ekonomija Economics, Rifin d.o.o., vol. 21(1), pages 27-66.
    6. Dragoljub Stojanov, 2014. "Kapitalizam III i kiberneticki neokolonijalizam," Ekonomija Economics, Rifin d.o.o., vol. 21(1), pages 135-160.
    7. Mladen Vedriš & Nenad Rancic, 2014. "Regulatorno i konkurentsko okruženje – poticaj ili ogranicenje za investicije," Ekonomija Economics, Rifin d.o.o., vol. 21(1), pages 187-208.
    8. Guste Santini, 2014. "Globalizacija i investicije - put realizacije kapital-odnosa," Ekonomija Economics, Rifin d.o.o., vol. 21(1), pages 113-134.
    9. Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Tania Treibich, 2016. "The Short- and Long-Run Damages of Fiscal Austerity: Keynes beyond Schumpeter," International Economic Association Series, in: Joseph E. Stiglitz & Martin Guzman (ed.), Contemporary Issues in Macroeconomics, chapter 8, pages 79-100, Palgrave Macmillan.
    10. repec:spo:wpmain:info:hdl:2441/5bli88krr28f68nvhfe1qtsl9l is not listed on IDEAS
    11. Stiglitz, Joseph, 2021. "Lessons from COVID-19 and Trump for Theory and Policy (Paper)," Journal of Policy Modeling, Elsevier, vol. 43(4), pages 749-760.
    12. Stiglitz, J.E., 2016. "An agenda for sustainable and inclusive growth for emerging markets," Journal of Policy Modeling, Elsevier, vol. 38(4), pages 693-710.
    13. Vassilis Monastiriotis, 2014. "(When) Does Austerity Work? On the Conditional Link between Fiscal Austerity and Debt Sustainability," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 8(1), pages 71-92, June.
    14. repec:hal:spmain:info:hdl:2441/5bli88krr28f68nvhfe1qtsl9l is not listed on IDEAS
    15. C. Petraglia & F. Purificato, 2013. "Single currency and supranational constraints to fiscal policies in the Eurozone during the crisis," Rivista economica del Mezzogiorno, Società editrice il Mulino, issue 4, pages 1065-1094.
    16. Joseph E. Stiglitz, 2013. "Stable Growth in an Era of Crises; Learning from Economic Theory and History," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 2(1), pages 1-39, January.
    17. Michael A. Clemens, 2017. "The Meaning Of Failed Replications: A Review And Proposal," Journal of Economic Surveys, Wiley Blackwell, vol. 31(1), pages 326-342, February.
    18. Séverine MENGUY, 2019. "Does public indebtedness constrain or can it favor economic growth? A simple analytical modeling," Bulletin of Applied Economics, Risk Market Journals, vol. 6(2), pages 1-29.
    19. Roberto Martino & Phu Nguyen-Van, 2014. "Labour market regulation and fiscal parameters: A structural model for European regions," Working Papers of BETA 2014-19, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    20. İbrahim Özmen & Mihai Mutascu, 2024. "Public Debt and Growth: New Insights," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 8706-8736, June.
    21. Janice Boucher Breuer & John McDermott, 2019. "Debt And Depression," Contemporary Economic Policy, Western Economic Association International, vol. 37(4), pages 714-730, October.
    22. Magdalena Osińska & Tadeusz Kufel & Marcin Błażejowski & Paweł Kufel, 2020. "Modeling mechanism of economic growth using threshold autoregression models," Empirical Economics, Springer, vol. 58(3), pages 1381-1430, March.

    More about this item

    Keywords

    dezinflacija; niska inflacija; deflacija; Fisherov efekt; deflacijska spirala; bilancna recesija; inherentna financijska nestabilnost; nekonvencionalna monetarna politika;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • 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:21:y:2014:i:2:p:85-112. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.