Fiscal devaluation is a set of synhronized policy measures with the aim to stimulate economic growth and improve economy competitiveness by simultaneous decrease of gross labor costs and increase of tax burden on consumption. The precondition for successful fiscal devaluation is to comply with principle of fiscal neutrality. Fiscal devaluation could enhance competitiveness of the economy and contribute to improved trade balance. Implementation of fiscal devaluation might be beneficial to both, countries which belong to a currency union and countries with a high level of public debt denominated in foreign currency. Comparative analysis provided potential short and long term effects of fiscal devaluations and enabled assessment of structure of fiscal devaluation in Serbia. This article provides a framework for forthcoming debates on applicability of fiscal devaluation in Serbia and includes the potential structure of fiscal devaluation.
TY - JOUR
AU - Milošević, Miloš
AU - Babin, Mihajlo
PY - 2015
UR - https://ralf.ius.bg.ac.rs/handle/123456789/1644
AB - Fiscal devaluation is a set of synhronized policy measures with the aim to stimulate economic growth and improve economy competitiveness by simultaneous decrease of gross labor costs and increase of tax burden on consumption. The precondition for successful fiscal devaluation is to comply with principle of fiscal neutrality. Fiscal devaluation could enhance competitiveness of the economy and contribute to improved trade balance. Implementation of fiscal devaluation might be beneficial to both, countries which belong to a currency union and countries with a high level of public debt denominated in foreign currency. Comparative analysis provided potential short and long term effects of fiscal devaluations and enabled assessment of structure of fiscal devaluation in Serbia. This article provides a framework for forthcoming debates on applicability of fiscal devaluation in Serbia and includes the potential structure of fiscal devaluation.
T2 - Anali Pravnog fakulteta u Beogradu
T1 - Potentials and structure of fiscal devaluation in Serbia
EP - 200
IS - 3
SP - 190
VL - 63
DO - 10.5937/AnaliPFB1503190M
UR - conv_3291
ER -
@article{
author = "Milošević, Miloš and Babin, Mihajlo",
year = "2015",
abstract = "Fiscal devaluation is a set of synhronized policy measures with the aim to stimulate economic growth and improve economy competitiveness by simultaneous decrease of gross labor costs and increase of tax burden on consumption. The precondition for successful fiscal devaluation is to comply with principle of fiscal neutrality. Fiscal devaluation could enhance competitiveness of the economy and contribute to improved trade balance. Implementation of fiscal devaluation might be beneficial to both, countries which belong to a currency union and countries with a high level of public debt denominated in foreign currency. Comparative analysis provided potential short and long term effects of fiscal devaluations and enabled assessment of structure of fiscal devaluation in Serbia. This article provides a framework for forthcoming debates on applicability of fiscal devaluation in Serbia and includes the potential structure of fiscal devaluation.",
journal = "Anali Pravnog fakulteta u Beogradu",
title = "Potentials and structure of fiscal devaluation in Serbia",
pages = "200-190",
number = "3",
volume = "63",
doi = "10.5937/AnaliPFB1503190M",
url = "conv_3291"
}
Milošević, M.,& Babin, M.. (2015). Potentials and structure of fiscal devaluation in Serbia. in Anali Pravnog fakulteta u Beogradu, 63(3), 190-200.
https://doi.org/10.5937/AnaliPFB1503190M
conv_3291
Milošević M, Babin M. Potentials and structure of fiscal devaluation in Serbia. in Anali Pravnog fakulteta u Beogradu. 2015;63(3):190-200.
doi:10.5937/AnaliPFB1503190M
conv_3291 .
Milošević, Miloš, Babin, Mihajlo, "Potentials and structure of fiscal devaluation in Serbia" in Anali Pravnog fakulteta u Beogradu, 63, no. 3 (2015):190-200,
https://doi.org/10.5937/AnaliPFB1503190M .,
conv_3291 .
