Affiliation:
1. Joseph H. Miller Endowed Professor in Business, Department of Management & Business Administration , College of Business, Southeastern Louisiana University , Hammond, LA , USA
Abstract
Abstract
Employing an extended IS-MP-AS model to study the effects of the exchange rate, fiscal policy and other related variables in Montenegro, the paper finds that real depreciation of the Euro, a lower government spending-to-GDP ratio, a lower real lending rate in the Euro area, a lower lagged real oil price, a higher lagged real GDP in Germany, and a lower expected inflation rate would promote economic growth.
Publisher
Editura Universitatii Alexandru Ioan Cuza din Iasi
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