Quarterly Monitor of Economic Trends and Policies in Serbia, July-September 2007

The draft 2008 budget does not provide for sufficient cuts in public spending. The trade deficit remains the basic structural problem of the Serbian economy. The dinar grew stronger in the course of 2007 and inflation accelerated, though the likelihood of its running out of control is slight. These, among others, are the issues we deal with in this issue of QM.

Section Spotlight on brings important macroeconomic issues: (1) Causes and consequences of the current account deficits in Serbia; (2) Opportuneness of introducing a global income tax system, and (3) Monetary policy – channels of transmission to prices: a year of inflation targeting, where we analyze the first experiences of the NBS in targeting inflation and the channels through which this is done.

Quarterly Montor, complete document, download (.pdf) (9.98 MB):

Quarterly Monitor by the chapters, download:

Impressum, Table of Contents (.pdf) (110 kb).

From the Editor (.pdf) (258 kb).

Trends Review (.pdf) (234 kb).

Trends - International Environment (.pdf) (239 kb).

Trends - Prices Exchange Rate (.pdf) (1.4 MB).

Trends - Employment Wages (.pdf) (633 kB).

Trends - Economic Activity (.pdf) (1.2 MB).

Trends - BOP & Foreign Trade (.pdf) (1 MB).

Trends - Fiscal Flows & Policy (.pdf) (530 kB).

Trends - Monetary Flows & Policy (.pdf) (778 kB).

Trends - Financial Markets (.pdf) (1.3 MB).

Spotlight on 1 - Current Account Deficits in Serbia (.pdf) (594 kB).

Spotlight on 2 - Reforming Personal Income Tax (.pdf) (330 kB).

Spotlight on 3 - Monetary Policy – Transmission Channels to Prices (.pdf) (1 MB).

Appendix (.pdf) (1 MB).