Mitreska, Ana; Kadievska Vojnovic, Maja; Georgievska, Ljupka - Volkswirtschaftliche Fakultät, … - 2010
The recent financial and economic crisis has triggered bold and diverse policy responses to prevent further, sharper … the fiscal policy reaction function. Hence, in this study we estimate monetary and fiscal policy reaction function, on a … the constraining role of the high level of public debt to the fiscal policy reaction. …