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Budget Constraint Fulfilment in Some EU Candidate Countries

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  • Miomir Jaksic
  • Milutin Jesic

Abstract

One of the crucial fiscal sustainability preconditions is fulfilment of budget constraint. We applied the approach of budget revenue and expenditure cointegration in some EU candidate countries, because of the reliability of this method for the observed countries.

Suggested Citation

  • Miomir Jaksic & Milutin Jesic, 2016. "Budget Constraint Fulfilment in Some EU Candidate Countries," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 12(2), pages 101-115.
    • Handle: RePEc:mje:mjejnl:v:12:y:2016:i:2:p:101-115
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    File URL: http://repec.mnje.com/mje/2016/v12-n02/mje_2016_v12-n02-a17.pdf
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    Cited by:

    1. Aleksandra Praščević & Milutin Ješić, 2019. "Modeling Macroeconomic Policymakers’ Interactions under Zero Lower Bound Environment: The New Keynesian Theoretical Approach," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 8(1), pages 5-38.

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