Dometi fiskalne politike u uslovima savremene ekonomske krize
The Effects Of Fiscal Policy In The Contemporary Economic Crisis Conditions

Summary/Abstract: Fiscal policy plays an important role in accomplishing crucial goals of economic policy in an economy, especially, production and employment increase. Acknowledgement and application of fiscal policy require differentiated attitudes in different situations. Namely, tax reduction or tax increase in certain circumstances may lead to employment increase, or demand inflation stop, while on the other hand public expenditures may influence resource allocation and production structure, thus influencing the accomplishment of specific production priorities in a country. The situation is far more complicated in the economic crisis conditions. In this paper, the authors discuss the fiscal policy model and its implications on the fulfillment of specific macroeconomic goals, especially in the contemporary economic crisis conditions.

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