Suchergebnisse

The global financial crisis and the debt crisis in the EU imposed some forgotten aspects of the ways in which countries can draw out from such negative developments in their economies. The most recommendable approach from all was the increased involvement of fiscal policy in stimulating the economy, which was based on coordinated approach of more fiscal authorities in order to achieve a stronger effect. In light of such fiscal aspirations of many countries, this paper assesses the fiscal stimulus and the channels through which the effects of changes in fiscal policy instruments are reflected, i.e. the public revenue and public expenditure.

The global financial crisis and the debt crisis in the EU imposed some forgotten aspects of the ways in which countries can draw out from such negative developments in their economies. The most recommendable approach from all was the increased involvement of fiscal policy in stimulating the economy, which was based on coordinated approach of more fiscal authorities in order to achieve a stronger effect. In light of such fiscal aspirations of many countries, this paper assesses the fiscal stimulus and the channels through which the effects of changes in fiscal policy instruments are reflected, i.e. the public revenue and public expenditure.

In the last years the world was faced with the worst economic crisis since the 1929-33 period which led to a significant decline in the global economy, tumultuous aftershocks of the financial and the real sector, significant shaking of confidence in financial institutions and the stability of the global financial system. This paper focuses on the crisis that began in the summer 2007 in U.S. when increased delinquency on the secondary market for mortgages created turbulence in the secondary market of securities covered by residential credits. The turbulence was then expanded to other markets securities, money market, financial institutions, with knock-on effects that are transmitted to all market segments, by involving the real sector. Under its global effect, this crisis was characterized as comprehensive, complex and global. This paper intends to detect the origin of this crisis and to analyze the potential government mistakes that led to the current world economic state.

The paper generally describes the segment of public debt management or especially the structure of public debt. It focuses on different kinds of risks which present potential danger for the public debt explosion. It intends to explain the government goal for borrowing money at lowest rate and sustain the fiscal stability. Also, it explains some practical issues regarding this topic for Republic of Macedonia for the period from 2009-2011. In the process of research were implemented several qualitative methods.