20.500.12556/RUL-159703 Dealing with the COVID-19 pandemic in Slovenia simulations with a macroeconometric model In this paper we analyse the effectiveness of fiscal policies with respect to macroeconomic stabilisation during the COVID-19 pandemic in the small open economy of Slovenia. Using SLOPOL11, an econometric model of the Slovenian economy, we simulate the development of the its economy during the 2020s under alternative assumptions about future pandemic-related shocks. We also determine optimal fiscal policies to combat the effects of the pandemic and to stabilise the economy under two scenarios for the future course of developments under COVID-19. Our simulations show that those public spending measures that entail both demand- and sup- ply-side effects are more effective at stimulating real GDP and increasing employ ment than pure demand-side measures. Successful stabilisation policies should thus contain a supply-side component in addition to a demand-side component. macroeconomics fiscal policy tax policy Slovenia stabilisation policy policy optimisation public expenditure demand management supply-side policies public debt makroekonomija fiskalna politika davčna politika Slovenija true false true Angleški jezik Slovenski jezik Članek v reviji 2024-07-18 12:02:11 2024-07-18 12:06:43 2024-07-21 03:18:38 0000-00-00 00:00:00 2023 0 0 Str. 863-881 Vol. 50 2023 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 330.3 0340-8744 10.1007/s10663-023-09591-y 168526851 Dealing_with_the_COVID-19_pandemic_in_Slovenia_simulations_with_a_macroeconometric_model.pdf Dealing_with_the_COVID-19_pandemic_in_Slovenia_simulations_with_a_macroeconometric_model.pdf 1 ECEA13C52CDD18860E0AD65A8E3F234B 998a3f232b8d7a7312b4a65ce29e1b00d7178c06447bad164649f58d6aa15504 31a9aeb4-44ed-11ef-8f74-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=187838 https://link.springer.com/article/10.1007/s10663-023-09591-y 0 37cc3ab6-44ed-11ef-8f74-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=187839 Ekonomska fakulteta 0 0 0