20.500.12556/RUL-179901 Optimal fiscal policies in booms and recessions a case study for Slovenia Optimal fiscal policies are determined for Slovenia for the next few years under alter- native assumptions about global developments. We construct a baseline scenario, two scenarios with a recession and two with a boom, each with a demand side and a sup- ply side shock. We use the macroeconometric model SLOPOL12 and assume an inter- temporal objective function for Slovenian policy makers containing the main targets derived from a survey among policy makers as arguments. Approximately optimal policies are calculated for all scenarios. Fiscal policies are characterized by an une- qual design for dealing with the trade-off between output stabilization and budgetary sustainability: instruments with demand side and supply side effects (direct taxes and public investment) are used for output and employment stabilization, while govern- ment consumption and other instruments with only demand side effects are assigned to budget consolidation. The results are rather similar in the different scenarios and only mildly counter-cyclical. macroeconomics fiscal policy optimization Slovenia dynamic optimization makroekonomija fiskalna politika optimizacija Slovenija true false true Angleški jezik Slovenski jezik Članek v reviji 2026-02-26 13:24:01 2026-02-26 13:25:35 2026-02-27 04:32:12 0000-00-00 00:00:00 2025 0 0 Str. 499 - 526 iss. 4 Vol. 49 2025 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 330.1 2459-8860 10.3326/pse.49.4.1 259931139 Optimal_fiscal_policies_in_booms_and_recessions.pdf Optimal_fiscal_policies_in_booms_and_recessions.pdf 1 79DC23739149C9FFCA9BC3E9921FFB19 8794d2b81b959acf5cd48132c4c36ef1fc0bf1fef2bf0a1f108ea76ac27cab20 de89182e-130d-11f1-a1ba-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=228824 https://www.pse-journal.hr/en/archive/optimal-fiscal-policies-in-booms-and-recessions-a-case-study-for-slovenia_14936/full-article/ 0 dacc3e72-130d-11f1-a1ba-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=228823 Ekonomska fakulteta 0 0 0