Metrika

  • citati u SCIndeksu: 0
  • citati u CrossRef-u:0
  • citati u Google Scholaru:[]
  • posete u poslednjih 30 dana:11
  • preuzimanja u poslednjih 30 dana:9

Sadržaj

članak: 2 od 6  
Back povratak na rezultate
2020, vol. 22, br. 1, str. 17-30
Fiskalna konsolidacija u EU-28 - višegodišnje epizode versus hladan tuš
Univerzitet u Novom Sadu, Ekonomski fakultet, Subotica

e-adresaolgicai@ef.uns.ac.rs
Ključne reči: fiskalna konsolidacija; ekonomije EU; fiskalna pravila; ne-Kejnzijanski efekti
Sažetak
U periodu nakon Globalne recesije, intenzivirano je pitanje potreba za fiskalnim konsolidacijama sa ciljem smanjenja budžetskog deficita i javnog duga, a da mere koje se primenjuju ne utiču dodatno na usporavanje privredne aktivnosti u ekonomijama Evropske Unije (EU). Predmet istraživanja u ovom radu su epizode fiskalnih konsolidacija u periodu 1990-2015, u 28 ekonomija EU, u kontekstu diferencijacije višegodišnjih nasuprot jednogodišnjih (hladan tuš) epizoda i njihovih efekata, pre i nakon Globalne recesije. Identifikovane su epizode fiskalnih konsolidacija koje rezultiraju uspešnim (smanjenje ciklično prilagođenog primarnog budžetskog deficita) i ekspanzivnim efektima (rast BDP-a), čime je empirijski potvrđeno postojanje ne-Kejnzijanskih efekata. Navedeno afirmiše ideju da borba za uspostavljanje fiskalne održivosti merama austerije ne znači nužno kontrakcije u ekonomijama, kao i da je razvoj fiskalne arhitekture u EU, uspostavljanjem komplementarnosti između supranacionalnih i nacionalnih fiskalnih aranžmana u post-kriznom periodu, od izuzetne važnosti.
Reference
Alesina, A. (2010) Fiscal adjustments: Lessons from recent history. u: ECOFIN meeting in Madrid, April
Alesina, A., Barbiero, O., Favero, C., Giavazzi, F., Paradisi, M. (2015) Austerity in 2009-2013. Economic Policy, 30(83), 383-437
Alesina, A., Favero, C., Giavazzi, F. (2015) The output effects of fiscal consolidation plans. Journal of International Economics, 96(S1), S19-S42
Alesina, A., Azzalini, G., Favero, C., Giavezzi, F., Miano, A. (2017) Is it the 'how' or the 'when' that matters in fiscal adjustments?. IMF Economic Review, 66(1), 144-188
Alesina, A., Ardagna, S., Perotti, R., Schiantarelli, F. (2002) Fiscal policy, profits, and investment. American Economic Review, 92(3): 571-589
Alesina, A., Ardagna, S. (2010) Large changes in fiscal policy: Taxes versus spending. Tax Policy and the Economy, 24(1): 35-68
Alesina, A., Ardagna, S. (1998) Tales of fiscal adjustment. Economic Policy, 13(27): 487-545
Alesina, A., Perotti, R. (1997) Fiscal adjustment in OECD countries: Composition and macroeconomic effects. IMF Staff Papers, 44(2), 210-248
Ardagna, S. (2004) Fiscal stabilizations: When do they work and why. European Economic Review, 48(5): 1047-1074
Barrios, S., Langedijk, S., Pench, L. (2010) EU fiscal consolidation after the financial crisis: Lessons from past experiences. European Economy - Economic Papers, Brussels, 2008-2015, No 418, European Commission, Directorate-General for Economic and Financial Affairs
Beker-Pucar, E., Glavaški, O. (2019) Monetary stages and frameworks of emerging EU members. Ekonomski horizonti (Economic Horizons), vol. 21, br. 1, str. 29-42
Bova, E., Kinda, T., Muthoora, P., Toscani, F. (2015) Fiscal rules at a glance. u: Working Paper, International Monetary Fund, 12/273
Budina, N., Schaechter, A., Weber, A., Kinda, T. (2012) Fiscal rules in response to the crisis: Toward the 'next-generation' rules: A new dataset. IMF Working Papers, 12(187): 1, International Monetary Fund
Corsetti, G., Kuester, K., Meier, A., Müller, G.J. (2010) Debt consolidation and fiscal stabilization of deep recessions. American Economic Review, 100(2): 41-45
Debrun, X., Moulin, L., Turrini, A., Ayuso-I-casals, J., Kumar, M.S. (2008) Tied to the mast?: The role of national fiscal rules in the European Union. Economic Policy, 23(54): 297-362
Devries, P., Guajardo, J., Leigh, D., Pescaroti, A. (2011) A new action-based dataset on fiscal consolidation. u: Working Paper, International Monetary Fund, WP/11/128
European Commission (2007) Public finance in EMU 2007
European Commission (2018) Proposal for a regulation of the European Parliament and of the Council on the establishment of a European Investment Stabilisation Function. Brussels
Giavazzi, F., Pagano, M. (1990) Can severe fiscal contractions be expansionary?: Tales of two small European countries. u: Blanchard Olivier Jean, Fischer Stanley [ur.] NBER macroeconomics annual 1990, Cambridge: MIT Press, 5, 75-111
Guajardo, J., Leigh, D., Pescatori, A. (2011) Expansionary austerity: New international evidence. u: Working Paper, International Monetary Fund, 11/158
Janković, M. (2019) Impact of financial structure on economic growth: Example of Serbia, Croatia and Slovenia. Anali Ekonomskog fakulteta u Subotici, br. 42, str. 147-162
Larch, M., Turrini, A. (2008) Received wisdom and beyond: Lessons from fiscal consolidation in the EU. National Institute Economic Review, 217(320), European Commission
Maroto, R., Mulas-Granados, C. (2007) What makes fiscal policy sustainable?: A survival analysis of fiscal consolidation in Europe. Public Choice, 134(3), 147-161
Pierluigi, B., Sondermann, D. (2018) Macroeconomic imbalances in the Euro area: Where do we stand?. European Central Bank Occasional Paper Series, No 211
Plekhanov, A., Kumar, M.S., Leigh, D. (2007) Fiscal adjustments: Determinants and macroeconomic consequences. IMF Working Papers, 07(178): 1, International Monetary Fund
Sutherland, A.J. (1997) Fiscal crises and aggregate demand: Can high public debt reverse the effects of fiscal policy?. Journal of Public Economics, 65(2), 147-162
Tanasić, L. (2019) Comparative overview of transfer pricing tax regulation in the world. Anali Ekonomskog fakulteta u Subotici, br. 42, str. 111-127
von Hagen, J., Hughes, H.A., Straush, R. (2002) Budgetary institutions for sustainable fiscal policies. u: Buti M; von Hagen J; Mongay C.M. [ur.] The behaviour of fiscal authorities: Stabilization, growth and institutions, London: Palgrave Macmillan, pp. 94-110
Yang, W., Fidrmuc, J., Ghosh, S. (2015) Macroeconomic effects of fiscal adjustment: A tale of two approaches. Journal of International Money and Finance, 57, 31-60
 

O članku

jezik rada: engleski, srpski
vrsta rada: izvorni naučni članak
DOI: 10.5937/ekonhor2001017G
objavljen u SCIndeksu: 04.05.2020.
Creative Commons License 4.0