Ekonomska politika u funkciji makroekonomske stabilnosti
Economic Policy In The Function Of Macroeconomic Stability

Summary/Abstract: The topic of the analysis in this paper is the role and importance of economic policy in achievement of macroeconomic stability. Economic policy is in the basis of reformative concepts accompanying countries in transition, Serbia included. Economic growth and development of society as a whole depend both on theoretical foundations of economic policy and on its empirical achievements. Economic growth and development are precisely the main goals of economic policy of any country. However, the practice has shown (and quantitative indicators inexorably confirmed) that the economic policy of Serbia succumbed to the influence of politics (or, as often emphasized, „political“ politics) thus serving the satisfaction of political goals and ambitions instead of objective and necessary economic processes and developments. We approached the analysis of success and achievement of economic policy from two aspects: one is the analysis of institutional capacity as the basis for establishment and development of efficient economic policy, whereas another aspect focuses on success and efficiency of existing institutions through the process of deregulation as one of the pillars of transitional changes. The process of transition, which is briefly analyzed in this paper, for economy of Serbia on one hand meant the beginning of establishment of marketbased economy while, on the other hand, it led to increasing questioning of starting points of Serbian economic policy, as well as of conditions it emerged in. This paper attempts to offer some responses to these dilemmas.

• Details
• Contents