KEYNESIAN DOCTRINE: A POSSIBLE SCENARIO FOR OUT OF THE CRISIS

Gordana Jovanović; Bojana Jokić; Jasmina Šmigić-Miladinović

doi:10.5937/

Authors

Gordana Jovanović College of Economics Pec in Leposavic Author
Bojana Jokić State University in Novi Pazar Author
Jasmina Šmigić-Miladinović Customs Administration of Republic of Serbia Author

DOI:

https://doi.org/10.5937/

Keywords:

Keynes doctrine, the economic crisis, monetary policy, fiscal policy

Abstract

The financial crisis sweeping the world in recent years has brought revival Keynes doctrine and presented as the lead. Theories of market failure and the need for government regulation and intervention can be heard again by many economists. Instead of asking the deficit, austerity policies and monetary policies that are obsessive fight against inflation, at least, significant economic recovery can be reached through orientation towards spending and job creation. To ignored the existing crisis situation Paul Krugman suggests Serbia: moderate monetary policy, the use of European experience in stimulating the economy, stimulating consumer spending.

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