INFLATION AND MACROECONOMIC STABILITY OF SERBIA: STATISTICAL APPROACH

Svetlana Tasić; Žarko Tomić; Nataša Marjanović

doi:10.59864/Oditor62602ST

Authors

Svetlana Tasić Belgrade Business and Arts Academy of Applied Studies, Belgrade, Serbia Author https://orcid.org/0000-0003-3049-6396
Žarko Tomić Military Academy, University of Defense in Belgrade, Serbia Author https://orcid.org/0009-0008-4499-5341
Nataša Marjanović The University of Business Studies, Banja Luka, BiH Author https://orcid.org/0000-0003-3791-5135

DOI:

https://doi.org/10.59864/Oditor62602ST

Keywords:

inflation, macroeconomic stability, Serbia, regression analysis, monetary policy

Abstract

Inflation represents one of the key challenges of macroeconomic policy, especially in transition and developing countries. Maintaining price stability directly affects economic growth, employment, investment activity and overall macroeconomic balance. The aim of the work is to examine the impact of inflation on the macroeconomic stability of the Republic of Serbia in the period 2012-2024 by applying statistical and quantitative methods. year. The analysis is based on official data from the Republic Statistical Office and the National Bank of Serbia. Methods of descriptive statistics, Pearson's correlation analysis and multiple linear regression were applied. The results show that inflation, in interaction with the reference interest rate and exchange rate, has a statistically significant impact on economic growth and unemployment. The obtained findings confirm the importance of a stable monetary policy for preserving the macroeconomic stability of Serbia.

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