SVIBOR - Project code: 5-02-012


Strossmayerov trg 4, HR - 10000 ZAGREB
tel.: +385 1 459 44 44, fax: +385 1 459 44 69


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Project code: 5-02-012

Macroeconomic Stabilization and Development Policy

Main researcher: ZDUNIĆ, STJEPAN (54601)

Type of research: applied
Duration from: 01/01/91. to 12/31/93.

Papers on project (total): 49
Institution name: Ekonomski institut, Zagreb (2)
Department/Institute: Department for Macroeconomic Analysis and Policy
Address: Trg J. F. Kennedy-a 7
City: 10000 - Zagreb, Croatia
Phone: 385 (0)1-2335-700
Fax: 385 (0)1-2335-165

Summary: Main subject of the project is stabilization and development policy and its relation to the transformation and transition processes of the Croatian economy. The contents of the project is, as follows: a) restructuring and privatization policy in the development strategy (banking system, fiscal system and policy, liberalization policy); b) banking system and monetary policy in the formation of saving and capital accumulation; interest rate and exchange rate policy; c) inflation and growth collapse under the conditions of dissolution of former Yugoslav economy and war; d) long-term strategy of economic development and projections of basic macroeconomic variables (gross domestic product, employment, exports and imports of goods and services, balance of payments). The aim of the project is to offer the policy-makers analytical studies in the process of formulating current and medium-term development policy.

Keywords: macroeconomic policy, stabilization policy, development, economic growth, monetary and fiscal policy, foreign exchange rate, balance of payments, savings

Research goals: The purpose of this project is to undertake theoretical analysis and to formulate, on the basis of statistical data and other kinds of information, study basis forpolicy-makers in the process of establishing stabilization and development strategy. The aim of the project is to support efficient economic restructuring, recovery and development. The research results are: study basis for the privatization policy in the process of economic development; transformation of the socialist reproduction system into financial marketsystem; theory and policy of transition of a centrally planned socialist system into the market-oriented economic system; relationships between fiscal and monetary policy in an ex-socialist system; fiscal reform in the Croatian economy; stabilization and liberalization policy in the Croatian economy; stages in the development strategy of Croatia; projections of gross domestic product growth, its distribution and use; the role of banking and monetary system in the process of economic recovery and growth; foreign exchange rate policy, trade policy and the competitiveness of the economy; problems of financing working capital in the recovering and development process; anti-inflation policy and economic activity (money stock, money velocity, savings, inflation and economic growth).

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Last update: 10/06/95