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Optimal macroeconomic policies in a financial and economic crisis: a case study for Slovenia

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  • Reinhard Neck
  • Dmitri Blueschke
  • Klaus Weyerstrass

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  • Reinhard Neck & Dmitri Blueschke & Klaus Weyerstrass, 2011. "Optimal macroeconomic policies in a financial and economic crisis: a case study for Slovenia," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 38(3), pages 435-459, July.
    • Handle: RePEc:kap:empiri:v:38:y:2011:i:3:p:435-459
    DOI: 10.1007/s10663-010-9159-7
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    References listed on IDEAS

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    1. Christina D. Romer & David H. Romer, 2010. "The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks," American Economic Review, American Economic Association, vol. 100(3), pages 763-801, June.
    2. Cogan, John F. & Cwik, Tobias & Taylor, John B. & Wieland, Volker, 2010. "New Keynesian versus old Keynesian government spending multipliers," Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 281-295, March.
    3. Blueschke-Nikolaeva, V. & Blueschke, D. & Neck, R., 2012. "Optimal control of nonlinear dynamic econometric models: An algorithm and an application," Computational Statistics & Data Analysis, Elsevier, vol. 56(11), pages 3230-3240.
    4. Brunner, Karl & Meltzer, Allan H., 1976. "The Phillips curve," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 1-18, January.
    5. Sargent, Thomas J, 1981. "Interpreting Economic Time Series," Journal of Political Economy, University of Chicago Press, vol. 89(2), pages 213-248, April.
    6. John B. Taylor, 2009. "The Lack of an Empirical Rationale for a Revival of Discretionary Fiscal Policy," American Economic Review, American Economic Association, vol. 99(2), pages 550-555, May.
    7. Christina D Romer, 2009. "Fiscal Policy and Economic Recovery," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 44(3), pages 132-135, July.
    8. Cogan, John F. & Cwik, Tobias & Taylor, John B. & Wieland, Volker, 2010. "New Keynesian versus old Keynesian government spending multipliers," Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 281-295, March.
    9. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
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    Cited by:

    1. Reinhard Neck & Klaus Weyerstrass & Dmitri Blueschke & Miroslav Verbič, 2021. "Demand-side or supply-side stabilisation policies in a small euro area economy: a case study for Slovenia," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(3), pages 593-610, August.
    2. Dmitri Blueschke & Klaus Weyerstrass & Reinhard Neck & Boris Majcen & Andrej Srakar & Miroslav Verbič, 2019. "Budget consolidation in a small open economy: a case study for Slovenia," Post-Communist Economies, Taylor & Francis Journals, vol. 31(3), pages 325-348, May.
    3. Blueschke, D. & Blueschke-Nikolaeva, V. & Savin, I., 2013. "New insights into optimal control of nonlinear dynamic econometric models: Application of a heuristic approach," Journal of Economic Dynamics and Control, Elsevier, vol. 37(4), pages 821-837.
    4. Klaus Weyerstrass & Reinhard Neck, 2013. "A young EU member’s ageing: budgetary and macroeconomic consequences of Slovenia’s demographic prospects," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 40(3), pages 427-456, August.
    5. Reinhard Neck & Dmitri Blueschke & Klaus Weyerstrass, 2013. "Trade-Off of Fiscal Austerity in the European Debt Crisis in Slovenia," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 19(4), pages 367-380, November.
    6. Dmitri Blueschke & Viktoria Blueschke-Nikolaeva & Reinhard Neck & Klaus Weyerstrass, 2012. "Macroeconomic Policies for Slovenia after the “Great Recession”," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 2(2), pages 54-93, December.
    7. Dmitri Blueschke & Klaus Weyerstrass & Reinhard Neck, 2024. "How can the preferences of policy makers be operationalised in optimum control problems with macroeconometric models? A case study for Slovenian fiscal policies," Public Sector Economics, Institute of Public Finance, vol. 48(2), pages 151-169.
    8. Reinhard Neck & Dmitri Blueschke & Klaus Weyerstrass, 2012. "Macroeconomic Policies for Slovenia in the “Great Recession”," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 18(4), pages 345-366, November.

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    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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