Theoretical and Applied Economics
No. 1 / 2019 (618), Spring
Is real depreciation or more government deficit expansionary? The case of Macedonia
Southeastern Louisiana University, Hammond, Louisiana, USA
Abstract. 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 real GDP. It suggests that the negative impact of real depreciation such as higher import costs and domestic inflation and less international capital inflows dominates the positive impact of real depreciation such as more exports.
Keywords: currency depreciation; government deficits; world interest rates; world income; oil prices; IS-MP-AS model.
Contents
- Why do high ability people also suffer from money illusion?
Experimental evidence of behavioral contradiction
Mariko SHIMIZU
- Macroeconomic stability of new member states
of the European Union: Fifth enlargement
Sanel RAZIĆ
Merim KASUMOVIĆ
- Models and theories in a frictions
and wage rigidities labor market
Cristian MARINESCU
Dumitru Alexandru BODISLAV
- Are institutions a crucial determinant
of cross country economic efficiency?
A two-stage double bootstrap data envelopment analysis
Danish Ahmed SIDDIQUI
Qazi Masood AHMED
- The relationship between unemployment and some
macroeconomic variables: Empirical evidence from India
Malayaranjan SAHOO
Jayantee SAHOO
- Inequity in health care sector in India:
A case study of district level in four Indian states
Brijesh C. PUROHIT
- Performance in public administration:
Doing outside the box under the rule of procedures
Adelina DUMITRESCU PECULEA
- Trade effects based on general equilibrium
Baoping GUO
- Empirically testing Keynesian defense burden hypothesis,
nonlinear hypothesis, and spillover hypothesis:
Evidence from Asian countries
Qurat Ul AIN
Syed Imran RAIS
Syed Tahir Hussain SHAH
Khalid ZAMAN
Shakira EJAZ
Abdul MANSOOR