Is real depreciation or more government deficit expansionary? The case of Macedonia

Is real depreciation or more government deficit expansionary? The case of Macedonia

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The paper finds that real depreciation of the denar reduces real GDP and that more government deficit spending as a percent of GDP raises real GDP.In addition, a lower world real interest rate, a higher lagged world real income, 30x24x24 wall cabinet a lower real oil price or a lower expected inflation would increase real GDP.It suggests that the negative impact of real depreciation such as higher import costs and domestic inflation and less international capital inflows dominates 15-eg2373cl the positive impact of real depreciation such as more exports.