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Macroeconomic policy in the Transition Economies


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description

The book addresses the assessment pertaining to monetary and fiscal policy in the Republic of Macedonia. Monetary strategy of targeting the exchange rate can easily become a target of speculative attacks, which can in turn lead to negative impacts for the economy by increases in and fluctuation of the interest rates and the foreign exchange reserves. On the other hand, the unilateral suggestion to shift the exchange rate from a fixed to a more flexible exchange rate, or to depreciate the domestic currency in order to settle the problem of deficit in the current account and consequently to promote rapid economic growth, may easily disturb macroeconomic stabilization without achieving any positive effects in terms of real economic growth in the short term. Regarding fiscal policy, the Republic of Macedonia did not establish and apply fiscal rules, i.e. there were no budget rules based on a determination of the mathematical targets for fiscal deficit, public expenditure, public debt, and public revenue in the medium term, nor was there a rule-based fiscal policy to be adjusted according to cyclical fluctuation of the economy.

Product Specifications
SKU :COC63678
AuthorBesnik Fetai
Number of Pages64
Publishing Year2013-01-29T00:00:00.000
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00