Optimal fiscal policies in booms and recessions : a case study for Slovenia

Blueschke, Dmitri (avtor), Weyerstrass, Klaus (avtor), Neck, Reinhard (avtor), Verbič, Miroslav (avtor)

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.

• Jezik: Angleški jezik
• Ključne besede: macroeconomics, fiscal policy, optimization, Slovenia, dynamic optimization
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: EF - Ekonomska fakulteta
• Status publikacije: Objavljeno
• Različica publikacije: Objavljena publikacija
• Leto izida: 2025
• Št. strani: Str. 499 - 526
• Številčenje: Vol. 49, iss. 4
• PID: 20.500.12556/RUL-179901
• UDK: 330.1
• ISSN pri članku: 2459-8860
• DOI: 10.3326/pse.49.4.1
• COBISS.SI-ID: 259931139
• Datum objave v RUL: 26.02.2026

Gradivo je del revije

• Naslov: Public sector economics
• Skrajšan naslov: Public sect. econ.
• Založnik: Institute of Public Finance
• ISSN: 2459-8860
• COBISS.SI-ID: 1847182

Licence

• Licenca: CC BY-NC 4.0, Creative Commons Priznanje avtorstva-Nekomercialno 4.0 Mednarodna
• Povezava: http://creativecommons.org/licenses/by-nc/4.0/deed.sl
• Opis: Licenca Creative Commons, ki prepoveduje komercialno uporabo, vendar uporabniki ne rabijo upravljati materialnih avtorskih pravic na izpeljanih delih z enako licenco.

Sekundarni jezik

• Jezik: Slovenski jezik
• Ključne besede: makroekonomija, fiskalna politika, optimizacija, Slovenija

Projekti

• Financer: Drugi - Drug financer ali več financerjev
• Številka projekta: I 2764-G27
• Naslov: I 2764-G27

• Financer: ARIS - Javna agencija za znanstvenoraziskovalno in inovacijsko dejavnost Republike Slovenije
• Številka projekta: 630-31/2016-1
• Naslov: 630-31/2016-1