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Title:
Post Keynesian model of transition and economic performance in Slovenia
Authors:
ID
Kračun, Davorin
(
Author
)
Files:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2237927
Language:
English
Work type:
Not categorized
Typology:
1.25 - Other Component Parts
Organization:
EPF - Faculty of Business and Economics
Abstract:
In the economic policy performed by Slovenia during the transition there has been a mix between Neoclassical (shock) therapy and Keynesianism. Sloveniaʼs economic transition is compared with three theoretical models: neoclassical shock, neoclassical gradualist and Post Keynesian. It followed the neoclassical shock therapy with monetary reform and trade liberalization, while the gradual inflation reduction had many Post Keynesian elements. Without an explicit reference to Keynes there were many measures assuring a high level of aggregate demand that enabled a rapid exit from transformational depression to stable economic growth and decrease in unemployment, but under persistent moderate inflation. That particular model of transition is interesting because the transitional recession was rather short followed by steady economic growth. It seems that the transition model mix had a favorable influence on economic performance and social integrity.
Keywords:
ekonomija
,
modeli
,
keynesianizem
,
tranzicija
,
reforme
,
Slovenija
Year of publishing:
2013
Number of pages:
[22] str.
PID:
20.500.12556/DKUM-49812
UDC:
338.2(497.4)
COBISS.SI-ID:
11361820
NUK URN:
URN:SI:UM:DK:H1HQKAOH
Publication date in DKUM:
10.07.2015
Views:
2148
Downloads:
106
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