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https://doi.org/10.7251/NOEEN2333028T

ESTIMATES OF THE EFFECTIVENESS OF MONETARY POLICY IN THE REPUBLIC OF SERBIA

By
Jadranka Đurović Todorović Orcid logo ,
Jadranka Đurović Todorović

University of Niš, Faculty of Economics , Niš , Serbia

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Marina Đorđević Orcid logo ,
Marina Đorđević

University of Niš, Faculty of Economics , Niš , Serbia

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Milica Ristić Cakić Orcid logo
Milica Ristić Cakić

University of Niš, Faculty of Economics , Niš , Serbia

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Abstract

Numerous empirical studies conducted in the last few years have proven that monetary policy has a significant impact on preserving the sustainability of the entire economic system of a country. Bearing in mind that the effectiveness of monetary policy in developing countries is especially questioned when the structure of the financial system limits the effectiveness of its instruments, the paper analyzes the monetary policy of the Republic of Serbia. The subject of research in this paper is the analysis and measurement of the effectiveness of monetary policy in the period from 2002-2022. In order to analyze the efficiency, a regression analysis of the determinants of monetary policy was performed. The results show that the government must pay much more attention to monetary policy in order to improve its effectiveness in the future.

Keywords:

monetary policy,
fiscal policy,
Republic of Serbia

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Vol 17, Issue 33, 2023
IMPACT OF GLOBAL MOVEMENTS ON ECONOMIC GROWTH AND FISCAL STABILITY IN THE REPUBLIC OF SRPSKA COMPARATIVE ANALYSIS OF THE TRADE PERFORMANCE OF THE COUNTRIES OF THE EUROPEAN UNION, SERBIA AND BOSNIA AND HERZEGOVINA - EMPIRICAL APPROACH ARE SANCTIONS FOR LOSERS? A NETWORK STUDY OF TRADE SANCTIONS ESTIMATES OF THE EFFECTIVENESS OF MONETARY POLICY IN THE REPUBLIC OF SERBIA THE RIPPLE EFFECT: ANALYZING THE INFLUENCE OF CURRENT GEOPOLITICAL CHALENGES ON NATIONAL ECONOMY (THE CASE OF RUSSIA) See full issue

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