Impact of recession on the macroeconomic variables in the Republic of Macedonia

Nikoloski, Krume and Lazarov, Darko (2010) Impact of recession on the macroeconomic variables in the Republic of Macedonia. The global crisis and economic development: Proceedings of the Jubilee International Conference. ISSN 978-954-21-0600-5

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Abstract

When it is spoken about the economic i.e. business cycles that could be met meet in the macroeconomics literature, then we think about the economy in the short run, i.e. economic fluctuations. Modern economies are subject to significant short-run variations in aggregate output and employment, so such fluctuations are periodic problem for economists and politicians. The understanding of the causes of aggregate fluctuations is the main goal of macroeconomics. From economic theory it is known that the macroeconomic variables move simultaneously. This means, if the real GDP increases (expansion) in the national economy, then in the same time increases the employment, investment, standard of living. But if the real GDP declines (recession), then in the same time reduces the employment, investment, standard of living. So, the question is whether each of these macroeconomic variables moves simultaneously, i.e. whether they move with the same dynamics. The answer of this question is of course, no. The national economy is relatively more complex, and therefore its study is relatively difficult. Based on scientific research, the aim of this paper is to see and analyze the economic policies that are focused towards taking measures in order to stabilize the national economy, i.e. improving the economic performance in the period of recession.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Krume Nikoloski
Date Deposited: 04 Nov 2013 14:20
Last Modified: 07 Aug 2015 07:27
URI: http://eprints.ugd.edu.mk/id/eprint/7946

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