LIBERALIZATION OF MACROECONOMIC STABILIZATION POLICY: THE SWEDISH EXPERIENCE AND LESSONS FOR UKRAINE
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2018, Vol 4, Issue 199
Abstract
In the decade from the early 1980s until the early 1990s, Sweden experienced the transition from a regulated to a fully deregulated economy, where most decisions are taken on the market. This transition included a number of errors that led to the financial crisis in the early 1990-ies with severe macroeconomic consequences. Sweden on the way to economic stability has gone through a comprehensive reform of the financial and banking sectors. Providing the floating exchange rate and the monetary policy liberalization in general, as well as building a clear fiscal system for income redistribution, Sweden has stabilized its economy and ensuring public confidence in the government's actions. Today the Swedish experience could be useful for other small open economies in the world that searches for its own ways to conduct macroeconomic stabilization policy, such as Ukraine. The fundamental step could be reducing the tax burden on the corporate sector in the context of optimization of budgetary processes in the economy. The main measures aimed at improving the process of balancing the state budget of Ukraine include: improving the legal and regulatory framework of the budget process, improving transfer policies, rejection of the scarce funding concept, implementation of a rigid budget funds austerity, etc.
Authors and Affiliations
Roman Kalinovskyi
Keywords
Related Articles
- EP ID EP395291
- DOI 10.17721/1728-2667.2018/199-4/3
- Views 70
- Downloads 0
BALANCE OF FOREIGN TRADE IN SERVICES ON SEPARATE SEGMENTS OF THE UKRAINIAN MARKET
With increasing globalization and deployment of scientific and technological revolution in the global market the volumes of international trade in services are rapidly growing. The markets of business, information and te...
INNOVATIVE INFRASTRUCTURE OF ENTREPRENEURSHIP DEVELOPMENT
The article deals with the actual issues of such forms of innovative infrastructure development as venture capital and clustered formation. Particularities of their functioning in the market conditions and problems of th...
PROBLEMS OF COOPERATION OF INVESTMENT RESOURCES OF TERRITORIAL COMMUNITIES
The essence of investment resources of territorial communities was disclosed. The features of using the investment resources of territorial communities were determined. It was made an analysis of forms of cooperation of...
APPROACHING TO THE EUROPEAN MODEL OF ALCOHOL CONSUMPTION ON BAS OF LOWERING RISKS OF UKRAINIAN CONSUMERS AT WINE MARKET
Development of theoretical principles of conception of the perceived risk is considered. Methodology of marketing research of the perceived risks at the market of dry wine of Kyiv is shown. Searching questions, hypothese...
QUANTITATIVE MEASUREMENT AND ASSESSMENT OF THE EFFECTS OF GLOBALIZATION OF COMPANIES AND MARKETS
The results of improving the author's methodology linked with the assessment of companies' and markets' globalization level were presented in this paper. Based on the analysis of the global companies' and global markets'...