期刊名称：Facta Universitatis. Series Economics and Organization
印刷版ISSN：0354-4699
电子版ISSN：0354-4699
出版年度：2012
卷号：9
期号：4
页码：393-405
出版社：University of Nis
摘要：Fiscal policy plays an important role in accomplishing crucial goals of economic policy in an economy, especially, production and employment increase. Acknowledgement and application of fiscal policy require differentiated attitudes in different situations. Namely, tax reduction or tax increase in certain circumstances may lead to employment increase, or demand inflation stop, while on the other hand public expenditures may influence resource allocation and production structure, thus influencing the accomplishment of specific production priorities in a country. The situation is far more complicated in the economic crisis conditions. In this paper, the authors discuss the fiscal policy model and its implications on the fulfillment of specific macroeconomic goals, especially in the contemporary economic crisis conditions
关键词：fiscal policy; liquidity trap; government consumption; taxes; fiscal policy model
