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2010, iss. 3, pp. 1-14
Countercyclical fiscal policy in Serbia: Truth or fiction?
Visoka poslovna škola strukovnih studija, Novi Sad
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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article language: Serbian
document type: Original Scientific Paper
published in SCIndeks: 05/04/2011