Potentials and structure of fiscal devaluation in Serbia
2015
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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.
Ključne reči:
Trade balance / Serbia / Fiscal devaluation / Employment / CompetitivenessIzvor:
Anali Pravnog fakulteta u Beogradu, 2015, 63, 3, 190-200Institucija/grupa
Pravni fakultet / Faculty of Law University of BelgradeTY - 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 .