No abstract

Electronic commerce (e-commerce), usually defined as trade conducted over computer networks, has attracted considerable attention for decades. Тhe paper presents the current state of development of retail e-commerce in the European Union, with particular analysis of development of cross-border online trade. Despite its considerable effort, the European Union is still far from an integrated market, as online shoppers still prefer domestic markets to other EU markets. The focus of the paper is on the main challenges of cross--border B2C e-commerce, i.e. online purchases of individual EU consumers made in other EU countries. Some important barriers to the establishment of a fully-integrated digital market in the European Union, including issues related to logistics and delivery, language and location, legal and tax regulation and geo-blocking, are addressed in detail. Finally, ongoing activities to reduce the influence of these obstacles are presented.

strane ekonomskih subjekata. Više od pola veka IS-LM model predstavljao je osnovni instrument makroekonomske analize. Međutim, savremeni uslovi doveli su do toga da tradicionalna IS-LM analiza nije primenljiva. Stoga, razvijen je nov model, pod nazivom IS-PC-MR, a cilj istraživanja u ovom radu je analiza IS-PC-MR modela kao osnovnog instrumenta savremene makroekonomije, koji je u stanju da objasni savremene makroekonomske probleme, stavljanjem naglaska pre svega na ulogu monetarne politike prilikom šokova u privredi i targetiranju inflacije.Ključne reči: IS-LM model, IS-PC-MR model, neoklasična sinteza, monetarna politika, šokovi agregatne tražnje i ponude 1. UVOD U savremenoj ekonomskoj literaturi sve više se govori o novoj neoklasičnoj sintezi, koja se odnosi na uspostavljanje tzv. novog konsenzusa u makroekonomskoj teoriji. Naime, sve više se stavovi istaknutih ekonomista približavaju, pa analiza novih makroekonomskih problema i događaja uključuje stavove predstavnika različitih škola ekonomske misli i to monetarista, novog kejnzijanizma, kao i neoklasične i teorije realnih poslovnih ciklusa. Neoklasična sinteza se pre svega onosi na konsenzus oko uloge monetarne politike u savremenim uslovima, uloge očekivanja, značaja novca kao i gledanja "unapred" od strane ekonomskih subjekata.Više od pola veka IS-LM model predstavljao je osnovni instrument makroekonomske analize. Jednostavnost, razumljivost i pogodan grafički prikaz omogućavali su različitim subjektima vršenje analiza, pre svega u 1 Stručni rad, primljeno u redakciju 23.09.2014, prihvaćeno za objavljivanje 25.11.2014

The aim of the paper is to analyze relationship between Fiat

The aim of the paper is to analyze the recent dramatic increase in housing prices in Kragujevac, related to the opening of a multinational company facility. The main question is whether increasing house prices have been driven by market fundamentals or by speculative behaviour of the market players. We have decomposed variables influencing house prices in Kragujevac into supply and demand driven fundamentals to explore speculative ‘bubbles’ and detected the evidence of irrationally exuberant investors (constructors and buyers). The findings show a lack of rational behaviour among market players, absence of fundamentaldriven influence on real estate prices and expectancy-driven prices. The main characteristic is a strong relationship between price and rental price with no significant change in price-rent ratio.