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Kontraciklična fiskalna politika u Srbiji - istina ili fikcija?
Countercyclical fiscal policy in Serbia: Truth or fiction?
Visoka poslovna škola strukovnih studija, Novi Sad
Sažetak
Fiskalna politika u Srbiji bila je poslednjih godina, a naročito od 2006. godine prociklična. Teorijska razmatranja jasno sugerišu da se ne može postići optimalno jačanje privrednog ciklusa ekspanzijom fiskalne politike u dobrim vremenima (kada poreska osnovica raste) i restriktivnom fiskalnom politikom u lošim vremenima (kada se poreska osnovica smanjuje). Međutim da li u Srbiji kontraciklična fiskalna politika može delovati anti-recesiono? U tom kontekstu, postavljaju se pitanja o tome koliko će fiskalna politika biti efikasna u smanjivanju dubine i trajanja zastoja u Srbiji, i kakav će biti prioritetni paket mera fiskalne politike. Ovaj rad nudi okvir za usmeravanje tih pitanja.
Abstract
In recent years fiscal policy in Serbia had been pro-cyclical, particularly since 2006. Theoretical studies clearly suggest that one can not achieve optimal strengthening of the economic cycle, fiscal policy expansion in good times (when the tax base grows) and the restrictive fiscal policy in bad times (when the tax base is declining). But the issue is: can Serbian countercyclical fiscal policy act anti-recession? In this context, questions are raised on government's fiscal policy effectiveness in reducing the depth and duration of outages in Serbia, and what will be the preferred package of measures of fiscal policy. This paper provides a guiding framework for these issues.
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