SERBIAN AGRARIAN POLICY IN THE VORTEX OF HIGH INFLATION AND GEOPOLITICAL RISKS

Authors

DOI:

https://doi.org/10.59267/ekoPolj2301309A

Keywords:

agriculture, inflation, monetary policy, Serbia

Abstract

Attempts to solve economic crisis by a massive injection of money into the financial system have caused inflation in most highly developed countries. World economy is burdened by a high inflation, excessed demand, over indebtedness, in one word unready for the challenges that followed on the geopolitical level, and have spilled over into the economy. This situation has also affected agriculture, while the rise in food prices was particularly sensitive because it has affected the population life standard. All existing weaknesses of the economic and agrarian policy of Serbia and absence of a serious long-term strategy in this seriously in crisis sector’s development have surfaced. This paper analyses a situation in the Serbian agricultural sector, which has been pressured at the same time by bad agrarian policy, numerous internal weaknesses and big geopolitical risks.

Downloads

Download data is not yet available.

Author Biographies

Jugoslav Aničić, Faculty of Economics and Finance, University Union-Nikola Tesla, Belgrade, Serbia

 

 

Milan Vujić, Academy for Applied Studies Belgrade, The College of Hotel Management, Belgrade, Serbia

 

 

Dušan Aničić, Faculty of Economics and Finance, University Union-Nikola Tesla, Belgrade, Serbia

 

 

Željko Vojinović, University of Novi Sad, Faculty of Economics, Subotica, Serbia

 

 

References

Agencija za privredne registre (2022) Godišnji izveštaj o poslovanju privrede u 2021. godini, Beograd (Serbian Business Registers Agency (2022) Annual report on business operations in 2021, Belgrade)

Andrić, Đ. (2021) Primena i efekti ciljanja inflacije kao strategije Narodne banke Srbije, DEB, Ekonomski vidici, XXVI (2021), Br. 3-4, s 271-287 ISSN 0354- 9135 UDK-33 COBISS.SR-ID 116154887 [in English: Andrić, Đ. (2021) Application and effects of inflation targeting as a strategy of the National Bank of Serbia, DEB, Ekonomski vidici, XXVI (2021), No. 3-4, pp. 271-287 ISSN 0354-9135 UDK-33 COBISS.SR-ID 116154887]

Aničić, J., Vukotić, S., Krstić, S. (2016) The strategic aspects and results of agriculture development in Serbia in the transition period, Economics of Agriculture, Vol. LXIII, No. 1, p. 175-189

Ball, L., Sheridan, N. (2003) Does Inflation Targeting Matter? IMF Working Paper, WP/03/129

Bernanke, S. Ben. (2004) The Great Moderation. BIS Review

Blanchard, O., Dell Ariccia, G. (2010). Rethinking Macroeconomic Policy. IMF Staff, Position Note, SPN/10/03

Blanchard, O., Dell’Ariccia, G., Mauro, P. (2010) Rethinking Macroeconomic Policy. Journal of Money, Credit and Banking Supplement to Vol. 42. No 6

Blinder, A. S. (2002). Through the Looking Glass: Central Bank Transparency. CEPS, Working Paper No. 86

Bungin, S., (2014) Transmisioni mehanizam monetarne politike u zemljama istočne i jugoistočne Evrope, sa posebnim osvrtom na Srbiju, Ekonomski fakultet, Kragujevac [in English: Bungin, S., (2014) The transmission mechanism of monetary policy in the countries of Eastern and Southeastern Europe, with special reference to Serbia, Faculty of Economics, Kragujevac]

Djukić, M., Momčilović, J., Trajčev, Lj. (2010) Model za srednjoročne projekcije Narodne banke Srbije, Narodna banka Srbije, Beograd [in English: Djukić, M., Momčilović, J., Trajčev, Lj. (2010). Model for medium-term projections of the National Bank of Serbia, National Bank of Serbia, Belgrade]

Erić, D., Živković, B. (2006) Monetarna ekonomija, bankarstvo i finansijska tržišta, Data Status, Beograd [in English: Erić, D., Živković, B. (2006). Monetary economy, banking and financial markets, Data Status, Belgrade]

European Commission (2012) Agriculture and Rural Development, available at: http://ec.europa.eu/agriculture/index_en.htm

Goodfriend, M. (2007) How the World Achived Consensus on Monetary Policy. Bureau of Economic Search Working Paper Series

Ilić, V., Mihajlović, M., & Knežević, M. (2022). The role of social entrepreneurship in modern business conditions. Oditor, 8(2), 75-90. https://doi.org/10.5937/Oditor2202074I

Katić, N. (2022) Globalna politika i ekonomija u 2022: Inflacija krupnih reči i sebičnih interesa, Internet stranica RTS [in English: Katić, N. (2022) Global politics and economy in 2022: Inflation of big words and selfish interests, RTS website]

Kovačević, M., Stančić, K. (2022) Neki aspekti eventualne recesije u 2023. godini – čemu nas uči istorija, Makroekonomske analize i trendovi, Ekonomski institut i Privredna komora Srbije, Beograd [in English: Kovačević, M., Stančić, K. (2022) Some aspects of a possible recession in 2023 - what history teaches us, Macroeconomic analyzes and trends, Economic Institute and Serbian Chamber of Commerce, Belgrade]

Krstić, S., Stanković, M. N., Milenković, N.P. (2019) Model ofšor bankarskog poslovanja u savremenim uslovima, Vojno delo, 71(2), str. 244-253 [in English: Krstić, S., Stanković, M. N., Milenković, N.P. (2019). A model of offshore banking operations in modern conditions, Vojno delo, 71(2), p. 244-253]

Larson, A., Zetterberg, J. (2003) Does Inflation Targeting Matter for Labour Markets? - Some Empirical Evidence. FIEF Working Paper Series, No. 191

Lavrač, V. (2002) Monetary, Fiscal and Exchange Rate Policies From the Viewpoint of the Enlargement of the Eurozone: Survey of the Literature. Institute for Economic Research Working Paper No. 14.

Marjanović, G., Mihajlović, V. (2012) Savremena analiza monetarne politike primenom IS-PC-MR modela, Ekonomske teme, br. 4, str. 465-485 [in English: Marjanović, G., Mihajlović, V. (2012) Contemporary analysis of monetary policy using the IS-PC-MR model, Economic Topics, no. 4, p. 465-485]

Mishkin, S. F. (2006) Monetary Policy Strategy: How We Did Get Here. National Bureau of Economic Search Working Paper Series

Milenković, N., Kalaš, B. (2020) Banke versus fondovi rizičnog i privatnog kapitala – supstitut ili komplement? Kultura polisa, 16 (41), str. 653-663 [in English: Milenković, N., Kalash, B. (2020) Banks versus venture and private capital funds – substitute or complement? Culture of Polis, 16 (41), p. 653-663]

Mollick, A.V., Torres, R.C., Carneiro, F.G. (2008) Does Inflation Targeting Matter for Output Growth? – Evidence from Industrial and Emerging Countries. World Bank Policy Research Working Paper No. 4791

Narodna banka Srbije, Makroekonomska kretanja u Srbiji, 2022. [in English: National Bank of Serbia, Macroeconomic trends in Serbia, 2022]

Pantić, N., Mikulič, K., & Lekovič, M. (2022). The influence of claims payments on the investment portfolio of insurance companies. Oditor, 8(3), 42-71. https://doi.org/10.5937/Oditor2203042P

Privredna komora Srbije (2022) Udruženje za biljnu proizvodnju i prehrambenu industriju Privredne komore Srbije, Beograd [in English: Chamber of Commerce of Serbia (2022) Association for Plant Production and Food Industry of the Serbian Chamber of Commerce, Belgrade]

Rakić, S., Adamović, V., & Špiler, M. (2021). Challenges and directions of developing business communication on the global market. Oditor, 7(3), 67- 103. https://doi.org/10.5937/Oditor2103067R

Republički zavod za statistiku, Statistički godišnjak Republike Srbije, 2022. [in English: Republic Institute of Statistics, Statistical Yearbook of the Republic of Serbia, 2022]

Sinclair, P. (2003) The Optimal Rate of Inflation: An Academic Perspective. Bank of England Quarterly Bulletin, 43 (3): 343-351

Strategija poljoprivrede i ruralnog razvoja Republike Srbije 2014-2024. godine, “Sl. glasnik RS”, br. 85/2014 [in English: Agriculture and Rural Development Strategy of the Republic of Serbia 2014-2024. year, “Official Gazette of RS”, no. 85/2014]

Tešić, R., Mihajlović, M., Jeremić, D., & Ilić, Đ. (2021). Strategija diverzifikacije kao nužnost opstanka, rasta i razvoja proizvodnih preduzeća, Akcionarstvo, 27(1), 27-39.

Vapa-Tankosić, J., Stojsavljević, M. (2014) EU Common Agricultural Policy and Pre-accession Assistance Measures for Rural Development, Economics of Agriculture,Vol. 61, No. 1, pp. 195-210

Downloads

Published

2023-03-31

How to Cite

Aničić, J., Vujić, M. ., Aničić, D. ., & Vojinović, Željko . (2023). SERBIAN AGRARIAN POLICY IN THE VORTEX OF HIGH INFLATION AND GEOPOLITICAL RISKS . Ekonomika Poljoprivrede, 70(1), 309–321. https://doi.org/10.59267/ekoPolj2301309A

Most read articles by the same author(s)

1 2 3 > >>