On Fiscal Policy Effects and Mechanisms in Serbia
Theory provides more then one explanation of both the manner and mechanisms of fiscal policy impact on inflation. Opting for a particular explanation is further complicated by the specific features of fiscal policy currently implemented in Serbia. This paper aims to recognize the effects and transmission mechanisms of fiscal policy currently in place in Serbia, which would help introduce the fiscal policy variable into the DSGE model used for monetary policy purposes.
|Date of creation:||Dec 2007|
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