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We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...
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This paper presents the analysis of situation of forests in Serbia. The data to be presented are related to the parameters of the situation of forests in Serbia in the last five years, according to official statistics. The aim was to draw attention to the status of forests in Serbia and the...
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constant degradation, resource depletion, global warming and loss of biodiversity. This is also because non-marketable services …
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