Please use this identifier to cite or link to this item: http://hdl.handle.net/20.500.12188/4736
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dc.contributor.authorTrenovski, Borceen_US
dc.contributor.authorTashevska, Biljanaen_US
dc.date.accessioned2019-11-04T12:51:24Z-
dc.date.available2019-11-04T12:51:24Z-
dc.date.issued2019-
dc.identifier.citationBorce Trenovski & Biljana Tashevska, 2019. "Lessons learned from the global recession - redesigned framework of key macroeconomic policies," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 22(4), pages 468-489.en_US
dc.identifier.urihttp://hdl.handle.net/20.500.12188/4736-
dc.description.abstractThis research provides a critical analysis of the available relevant theoretical and empirical literature regarding the key lessons about fiscal and monetary policy during the latest global crisis. The main contribution of this paper lies in offering a new redesigned framework for the key macroeconomic policies which can serve as a general guide to policymakers for designing these policies to respond to future financial and economic crises. Our critical analysis points out 14 lessons for monetary policy which the monetary authorities should take into account in the process of designing their future policies. The analysis also includes 14 lessons as a guide for governments to design their fiscal policy during future global imbalances, addressing the efficiency of fiscal policies during large-scale economic crises, the role and significance of fiscal space, the effectiveness of austerity programs, the coordination of fiscal policies on a global level, the coordination and mutual interactions with monetary policy, etc.en_US
dc.language.isoenen_US
dc.publisherIDEASen_US
dc.relation.ispartofInt. J. Business and Globalizationen_US
dc.subjectglobal recession; fiscal policy; monetary policy; redesigned macroeconomic policy framework; policy coordination; financial stability; fiscal space; economic theory; economic cycles; speculative booms; tax regulation; Keynesianism; financial regulation; macroprudential interventions.en_US
dc.titleLessons learned from the global recession - redesigned framework of key macroeconomic policiesen_US
dc.typeJournal Articleen_US
dc.identifier.urlhttp://www.inderscience.com/link.php?id=100260-
item.fulltextWith Fulltext-
item.grantfulltextopen-
crisitem.author.deptFaculty of Economics-
crisitem.author.deptFaculty of Economics-
Appears in Collections:Faculty of Economics 03: Journal Articles / Статии во научни списанија
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