AN ECONOMIC-STRATEGY FOR SLOVAKIA

Most economist are confident that a recurrance of economic disaster of the 1930s is unlikely. Among the reasons accounting for this confidence are, first, a vast array of institutional changes and reforms that now automatically provide the economy with the kind of shockproofing that helps it stave off large-scale fluctuations and price. The personal and corporate taxes, farm price support programs, and the social security system serve to stabilize disposable income and other macroeconomic variables. Second, we are more confident that serious depressions can be avoided in the future because of the enormous improvement in economic knowled. The third, equally important, is the increase in factual knowle about the behaviour of the economy. It can be said without exaggeration that the last thirty years has witnessed the transition of economics from a field characterized by deductive speculations into truly empirical science, helping to solve real problems [1]. In this article we try to apply this theory to economic policy of Slovakia design. We do this on the base of aggregated macroeconomic model.