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An Analysis of the Effects of the Economic Policy in Serbia by the Mundell-Fleming Model

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  • Grubišić Zoran

    (Univesity Union, Belgrade Banking Academy, Faculty for Banking, Insurance and Finance)

  • Kamenković Sandra

    (Univesity Union, Belgrade Banking Academy, Faculty for Banking, Insurance and Finance)

Abstract

The global economic crisis has affected the whole world, including Serbia. Countries with different degrees of development reacted with different measures of economic policy, both monetary as well as fiscal. Economic authorities in Serbia have encountered certain limiting factors in the selection of measures, first of all taking into account the unfinished transition process. This paper will examine whether the applied monetary and fiscal policy in Serbia is adequate according to the position which Serbia occupies by the Mundell-Fleming model, as well as to identify the starting position for future economic policy measures.

Suggested Citation

  • Grubišić Zoran & Kamenković Sandra, 2015. "An Analysis of the Effects of the Economic Policy in Serbia by the Mundell-Fleming Model," Economic Themes, Sciendo, vol. 53(1), pages 51-62, March.
    • Handle: RePEc:vrs:ecothe:v:53:y:2015:i:1:p:51-62:n:4
    DOI: 10.1515/ethemes-2015-0004
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    References listed on IDEAS

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    1. Philip Arestis, 2011. "Fiscal Policy Is Still an Effective Instrument of Macroeconomic Policy," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(2), pages 143-156, June.
    2. Robert A. Mundell, 1960. "The Monetary Dynamics of International Adjustment under Fixed and Flexible Exchange Rates," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 74(2), pages 227-257.
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