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2015, vol. 63, br. 3, str. 190-200
Potentials and structure of fiscal devaluation in Serbia
(naslov ne postoji na srpskom)
aUniverzitet u Beogradu, Pravni fakultet
bUniverzitet Singidunum, FEFA - Fakultet za ekonomiju, finansije i administraciju - FEFA, Beograd

e-adresamilosevic@ius.bg.ac.rs, mbabin@fefa.edu.rs
Ključne reči: Fiscal devaluation; Serbia; Competitiveness; Trade balance; Employment
Sažetak
(ne postoji na srpskom)
Fiscal devaluation is a set of synhronized policy measures with the aim to stimulate economic growth and improve economy competitiveness by simultaneous decrease of gross labor costs and increase of tax burden on consumption. The precondition for successful fiscal devaluation is to comply with principle of fiscal neutrality. Fiscal devaluation could enhance competitiveness of the economy and contribute to improved trade balance. Implementation of fiscal devaluation might be beneficial to both, countries which belong to a currency union and countries with a high level of public debt denominated in foreign currency. Comparative analysis provided potential short and long term effects of fiscal devaluations and enabled assessment of structure of fiscal devaluation in Serbia. This article provides a framework for forthcoming debates on applicability of fiscal devaluation in Serbia and includes the potential structure of fiscal devaluation.
Reference
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O članku

jezik rada: engleski
vrsta rada: članak
DOI: 10.5937/AnaliPFB1503190M
objavljen u SCIndeksu: 27.02.2016.

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