Naslov
INFLUENCE OF FISCAL POLICY IN CONDITIONS OF RATIONAL EXPECTATION

Autori
Pivac, Snježana ; Jurun, Elza

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 9th International Conference on Operational Research / Šorić, Kristina ; Hunjak, Tihomir ; Scitovski, Rudolf - Zagreb : Osijek : Hrvatsko društvo za operacijska istraživanja (CRORS), 2003, 175-183

Skup
9th International Conference on Operational Research KOI 2002

Mjesto i datum
Trogir, Hrvatska, 02.10.2002. - 04.10.2002

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
rational expectation; fiscal policy; neutrality; error correction model

Sažetak
'New classical economics', which in literature is also called school of rational expectation, is a modern economic theory that has contributed to the revival of the modern model economics. One of the standpoints of this school is that all the predictable measures of macroeconomic policy do not have real effect on production or employment. In accordance with this theory, taking into account econometric and economic criteria, our aim is to investigate by models the influence of fiscal policy on real production in Croatian economy. To examine the effect of policy, it is first necessary to conduct an analysis of the long-term connections between economic variables, and for that purpose we shall apply common regression and error correction model (ECM).

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA