Optimal Strategy of Monetary and Fiscal Policy in Macedonia - Fetai, Besnik
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In assessing the relative costs and benefits associated with introducing a more active monetary and fiscal policy and a different exchange rate regime in the Republic of Macedonia, all econometrics results, using different methodologies (SVAR and VECM), show that introducing such policies in order to promote rapid economic growth could easy disturb macroeconomic stability (after having achieved it at a substantial cost) without any significant economic benefits.

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Produktbeschreibung
In assessing the relative costs and benefits associated with introducing a more active monetary and fiscal policy and a different exchange rate regime in the Republic of Macedonia, all econometrics results, using different methodologies (SVAR and VECM), show that introducing such policies in order to promote rapid economic growth could easy disturb macroeconomic stability (after having achieved it at a substantial cost) without any significant economic benefits.
Autorenporträt
BESNIK FETAI is an Assistant Professor of Economics at the South East European University of Tetovo. He received his Ph.D. in Economics from the University of Ljubljana. From 2000 to 2002 was Minister of Economy of the Republic of Macedonia in 2000. His main research interests are macroeconomics, and econometrics.