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What is Economic Policy

Reimagining Systems Thinking in a Post-Pandemic World
A set of programs and economic measures used by governments and aimed at creating a favorable business environment, as well as improving the standard of living of a population. In overall, economic policy aims at improving desired economic outcomes.
Published in Chapter:
Response of the Economic System to COVID-19: A Review of Evaluation Methods Applied in Assessing Economic Policies' Effects in Serbia
Kosovka Ognjenović (Institute of Economic Sciences, Belgrade, Serbia) and Mihajlo Đukić (Institute of Economic Sciences, Belgrade, Serbia)
Copyright: © 2023 |Pages: 22
DOI: 10.4018/978-1-6684-7285-9.ch006
Abstract
This chapter specifically deals with the response of the Serbian economy and society to the challenges of the crisis, focusing on research conducted from 2020 to 2022. Bearing in mind that economic systems remember and learn from both good and bad experiences, it was interesting to see if, in this relatively short time, in terms of data availability, the analyses that were done offered results not only from a short-term but also from a long-term perspective. After the analysis of the available studies and the systematization of the main findings, it was concluded that the majority of these studies provide only analyses of the short-term effects without applying rigorous evaluation methods. This is an important limit in terms of their reliability, but also with regards to usefulness of the obtained results for the policy making purposes.
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More Results
Economic Measures for Mitigation of the Consequences of COVID-19: Evidence From Serbia
Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.
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Business Support as Ongoing Policy Helping Permanency Companies in the State of Colima in Mexico
The course of actions and plans taken by a government for maintaining and for improving economic growth to influence its economy and economic development.
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Economic Policy Uncertainty in Banking: A Literature Review
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Trafficking in Women as a Type of Underground Economy: Turkey Case
The state uses various macroeconomic tools (interest rate, exchange rate, public expenditures, taxes, control, etc.) to solve economic problems (unemployment, inflation, poverty, etc.) and to achieve economic goals (optimal growth, high employment, budget balance, current account balance, etc.).
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