Is real depreciation or more government deficit expansionary? The case of Macedonia
The paper finds that real depreciation of the denar reduces real GDP and that more government deficit spending as a percent of GDP raises real GDP. In addition, a lower world real interest rate, a higher lagged world real income, a lower real oil price or a lower expected inflation would increase re...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2019-03-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1374.pdf
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