FISCAL PROBLEMS IMBALANCES AND POSSIBLE RISKS WHICH ARISE FROM THEM IN POST CRISIS PERIOD
Keywords:
global recession, deficit and public debt, fiscal riskAbstract
Appearance of the global crisis in 2008. forced financial markets to colaps. Main consequence of the world recession was sudden fall of agregate demand and unemployment rise. Government has appeared in that conditions as the only subject who could bring back economy on precrisis level with help of axcessive consumption. We are now witnessing that intervention measures have been successful, however new threat are looming in form of high budget deficits and huge public debts. Basic methods applied in this paper are analytical and empirical which could help to understand and overview observed problem.
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References
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2. Blanchard Olivier, (2005), Makroekonomija, MATE, Zagreb
3. Dimitrijević Bojan, Fabris Nikola, (2007), Ekonomska politika, CID Ekonomski fakultet Beograd, Beograd
4. Everaert Greetje, Fouad Manal, Martin Edouard, and Velloso Ricardo, (july 16. 2009), Disclosing Fiscal Risks in the Post-Crisis World, IMF, Washington DC
5. Spilimbergo Antonio, Symansky Steve, Blanchard Olivier and Cottarelli Carlo,(December 29. 2008) Fiscal Policy for the Crisis, IMF, Washington DC
6. Prepared by the Fiscal Affairs Department, (March 6. 2009), The State of Public Finances: Outlook and Medium-Term Policies After the 2008 Crisis, IMF, Washington DC
7. Prepared by the Fiscal Affairs Department, (December 16. 2009), Fiscal Rules—Anchoring Expectations for Sustainable Public Finances, IMF, Washington DC
8. World Economic Outlook, (April 2010), Rebalancing Growth, IMF, Washington DC
9. Fiscal Monitor, (may 14. 2010), Navigating the Fiscal Challenges Ahead, IMF, Washington DC
10. Global Financial Stability Report, (april 2010), Meeting New Challenges to Stability and Building a Safer System, IMF, Washington DC
11. www.tradingeconomics.com
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Published
2011-06-30
How to Cite
Đurić, D., Živkov, D., & Kolar, S. (2011). FISCAL PROBLEMS IMBALANCES AND POSSIBLE RISKS WHICH ARISE FROM THEM IN POST CRISIS PERIOD. Economics of Agriculture, 58(2), 299–309. Retrieved from https://ea.bg.ac.rs/index.php/EA/article/view/704
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Professional paper
