Perspectives of Innovations, Economics and Business

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Volume 3
Issue 3
Online publication date 2009-12-07
Title Fiscal stimulations for improving the business environment in Republic of Macedonia
Author Stevan Gaber
In conditions when the national economy is hit hard with catastrophic economic consequences from financial crises, mutual coordinative approach between fiscal authorities and independent monetary institution,  entrusted for macroeconomic stability, is particularly essential. This paper focuses on the situation, when there is not, at least temporary, constructive dialog between the two most important institutions in the country, and consequences are paid by enterprises and citizens. 
Atanasovski, Z., 2004. Public Finance, University “St. Cyril and Methodius”, Economic faculty, Skopje

Barro, R., 2000. Macroeconomics, The MIT Press, 3rd Edition

Rosen, S., 2002. Public Finance, McGrow-Hill Irwin, 6th Edition

Trpeski, L., 2003. Money and Banking, Economic Press, Skopje

Spilimbergo, A., Symansky S., Blanchard O., and Cottarelli, C., 2008. “Fiscal Policy for the Crisis”, IMF Staff Position Note, December 29, SPN/08/
Keywords Budget deficit financing, restrictive monetary policy, policy coordination, bank reserve rate requirement
Pages 48-49
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