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Journal articles on the topic 'Fiscal and monetary policy'

Author: Grafiati

Published: 4 June 2021

Last updated: 26 July 2025

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1

Yunanto, Muhamad, and Henny Medyawati. "Fiscal Policy and Monetary Policy: Sensitivity Analysis." International Journal of Trade, Economics and Finance 6, no. 2 (2015): 79–84. http://dx.doi.org/10.7763/ijtef.2015.v6.447.

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2

Eromosele, Harrison Ogbeide, and David Umoru. "DO FISCAL AND MONETARY POLICIES COOPERATE OR CONFLICT WITH EACH OTHER IN NIGERIAN ECONOMY?" SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS 3, no. 1 (2019): 15. http://dx.doi.org/10.29259/sijdeb.v3i1.15-30.

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The determination for this study was to ascertain if fiscal and monetary policies are cooperating or rather conflicting with each other in Nigerian economy. Government disbursement and growth of money stock were used to denote fiscal and monetary policy variables. Two reduced form equations of monetary and fiscal policies were specified from underlying structural model. This yielded fourteen RF parameters in contrast to eleven structural parameters and so we had system of over-identification. These prompted use of IV estimators such as GMM and 3SLS. Estimates show similar findings for both est

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3

Jevđović, Gordana, and Ivan Milenković. "MONETARY VERSUS FISCAL DOMINANCE IN EMERGING EUROPEAN ECONOMIES." Facta Universitatis, Series: Economics and Organization, no. 1 (September 26, 2018): 125. http://dx.doi.org/10.22190/fueo1802125j.

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The conventional macroeconomic paradigm is that monetary policy provides the nominal anchor for inflation expectations and that fiscal policy is disciplined in implementing credible and timely revenue-expenditure measures when debt rises, in order to ensure sustainability. In this scenario monetary policy is active, whereas fiscal policy is passive, which is referred to as monetary dominance. However, the proponents of the Fiscal Theory of the Price Level emphasize that another regime may be possible - the one of fiscal dominance. In this setup, primary balance follows some arbitrary path, not

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4

McMillin, W. Douglas, and Douglas Fisher. "Monetary and Fiscal Policy." Southern Economic Journal 55, no. 4 (1989): 1071. http://dx.doi.org/10.2307/1059500.

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5

Mandi, Tabaku. "Utilizing Monetary & Fiscal Policy." ECONOMICUS, no. 14 (June 24, 2016): 69–94. https://doi.org/10.5281/zenodo.7584935.

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<strong>Abstract</strong> Monetary and fiscal policy has been around for decades, and they have been very influential instruments in steering economic activity and financial markets. It is through the understanding and implementation of such policies that governments are able to rescue their countries from recessions that could have potentially ended in economic collapse. Over the decades countries have evolved, and when faced with the great recession of 2008, they have had to take unprecedented monetary and fiscal measures. It is through the aggressive use of such measures that countries arou

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6

Hassan, Munir, and Ali Alkazemi. "Brief Survey on Selected Authors on the Impact of Monetary and Fiscal Policy on USA Economy During Covid Pandemic." International Journal of Economics and Finance 17, no. 3 (2025): 114. https://doi.org/10.5539/ijef.v17n3p114.

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In this article an analysis of Monetary Policy and Fiscal Policy with reference to their impact on the United States (USA) is provided based on the survey of selected authors on the Impact of Monetrary and Fiscal Policy on USA economy during Covid Pandemic.The main conclusion from the study is that USA government took several steps to reduce stress, including executive order, fiscal action, monetary policy, and regulatory forbearance. Of particular note are the extensive and, in some cases, unprecedented, lending and credit facilities instituted by the Federal Reserve. Several authors correctl

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7

Udeze Chike Romanus and Onwuka Irene Nkechi. "Comparative impact of fiscal and monetary policies on economic growth in Nigeria." International Journal of Advanced Economics 6, no. 9 (2024): 480–502. http://dx.doi.org/10.51594/ijae.v6i9.1604.

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This work examined the comparative impact of fiscal policy and monetary policy on economic growth in Nigeria over the period 1981 to 2021 using annual time series data on real gross domestic product, broad money supply, government expenditure, total government revenue, and interest rate (lending rate). The objectives are to determine whether the fiscal policy or the monetary policy impacts more on economic growth in Nigeria and to ascertain the causality relationship between fiscal policy, monetary policy and economic growth in Nigeria over the period. The study employed ARDL Bounds Testing me

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8

Otsubo, Kansho Piotr. "The Effects of Fiscal and Monetary Policies in Japan: What Combination of Policies Should Be Used?" Journal of International Commerce, Economics and Policy 09, no. 01n02 (2018): 1850004. http://dx.doi.org/10.1142/s1793993318500047.

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In this paper, we compare and analyze the differences in the effects of fiscal and monetary policy using time-varying parameter structural vector auto-regression (TVP-VAR). Specifically, we estimate a 5-variable TVP-VAR model using monthly data from March 2001 to August 2017. The estimation results indicated the following four points. First, expansionary fiscal policy can impact GDP faster than an expansionary monetary policy. Second, expansionary fiscal policy has lowered prices. Third, an expansionary monetary policy can increase GDP more persistently than an expansionary fiscal policy durin

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9

BRANCH, WILLIAM A., TROY DAVIG, and BRUCE McGOUGH. "Monetary–Fiscal Policy Interactions under Implementable Monetary Policy Rules." Journal of Money, Credit and Banking 40, no. 5 (2008): 1095–102. http://dx.doi.org/10.1111/j.1538-4616.2008.00149.x.

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10

Davig, Troy, and Eric M. Leeper. "Monetary–fiscal policy interactions and fiscal stimulus." European Economic Review 55, no. 2 (2011): 211–27. http://dx.doi.org/10.1016/j.euroecorev.2010.04.004.

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11

Dr. Muhammad Irfan, Muhammad Salman, and Sahar Saleem. "<b>Dynamic Interplay: Evaluating Fiscal and Monetary Policies in Shaping</b><b> </b><b>Pakistan’s Macroeconomic Landscape</b>." Advance Journal of Econometrics and Finance 2, no. 3 (2025): 144–66. https://doi.org/10.63075/y1fphr70.

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This study evaluates the dynamic interaction between fiscal and monetary policies and their collective impact on Pakistan’s macroeconomic performance from 1980 to 2023. Using a Vector Autoregression (VAR) model along with analyses of Impulse Response Function (IRFs) and Variance Decomposition (VDs), the research examines how key macroeconomic variables such as growth rate of gross domestic product, inflation, debt, unemployment and exchange rate respond to fiscal and monetary policy shocks. Monetary policy is represented by interest rate, while fiscal policy is measured through the budget defi

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Dr. Muhammad Irfan, Muhammad Salman, and Sahar Saleem. "<b>Dynamic Interplay: Evaluating Fiscal and Monetary Policies in Shaping</b><b> </b><b>Pakistan’s Macroeconomic Landscape</b>." Advance Journal of Econometrics and Finance 3, no. 2 (2025): 143–65. https://doi.org/10.63075/gn7nqf68.

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This study evaluates the dynamic interaction between fiscal and monetary policies and their collective impact on Pakistan’s macroeconomic performance from 1980 to 2023. Using a Vector Autoregression (VAR) model along with analyses of Impulse Response Function (IRFs) and Variance Decomposition (VDs), the research examines how key macroeconomic variables such as growth rate of gross domestic product, inflation, debt, unemployment and exchange rate respond to fiscal and monetary policy shocks. Monetary policy is represented by interest rate, while fiscal policy is measured through the budget defi

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13

Al-Hawri, Prof Dr Mohammed Ahmed. "Measuring the Relative Importance of Fiscal and Monetary Policy in Stimulating Economic Growth in Yemen: An Econometrics Study Using Co-integration Approach." Journal of Social Studies 25, no. 4 (2019): 1–28. http://dx.doi.org/10.20428/jss.v25i4.1586.

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The study attempted to analyze and evaluate the performance of monetary and fiscal policy for the period 2000-2014 and its effectiveness in increasing economic growth using the descriptive analytical and econometrics approach. The study also attempted to measure the relative importance of fiscal and monetary policies and their relationship to economic growth using the co-integration method and the error correction model, which allows measuring the relative importance of fiscal and monetary policy and its relation to economic activity. Analysis of fiscal and monetary indicators showed that ther

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14

Arestis, Philip. "Fiscal policy is still an effective instrument of macroeconomic policy." Panoeconomicus 58, no. 2 (2011): 143–56. http://dx.doi.org/10.2298/pan1102143a.

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Recent developments in macroeconomics and macroeconomic policy, what has come to be known as ?New Consensus in Macroeconomics?, downgrades the role of fiscal policy and upgrades that of monetary policy. This contribution aims to consider this particular contention by focusing on fiscal policy. We consider fiscal policy within the current ?new consensus? theoretical framework, which views fiscal policy as ineffective, and argue that it deserves a great deal more attention paid to it than it has been recently. We review and appraise recent and not so recent theoretical and empirical developments

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15

DZIUBLIUK, Oleksandr. "THEORETICAL ASPECTS OF MONETARY AND FISCAL POLICY COORDINATION AS A NECESSARY CONDITION FOR ENSURING MACROFINANCIAL STABILITY." WORLD OF FINANCE, no. 2(79) (2024): 08–27. http://dx.doi.org/10.35774/sf2024.02.008.

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Introduction. Monetary and fiscal policy are the main levers of the state's influence on the economy when prompt response to a crisis caused by internal or external shocks is required. This determines the importance of theoretical substantiation of the main aspects of coordination of monetary and fiscal regulation, when the coordinated work of key state institutions is important. The purpose of the article is to clarificate the main theoretical aspects and practical mechanisms of implementing the monetary and fiscal policy of the state through the prism of interaction and coordination of the i

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16

Abbas, Kalbe, and Tariq Mahmood. "Fiscal Effects of Monetary Seigniorage: A Case Study of Pakistan." Pakistan Development Review 33, no. 4II (1994): 1113–19. http://dx.doi.org/10.30541/v33i4iipp.1113-1119.

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The effects of monetary policy on key macro variables have been studied in the literature. In Pakistan most of these studies concentrate on exploring the interdependence of money supply, national income, inflation etc.1 One important, but neglected issue of monetary policy, is its fiscal effects. The fiscal and monetary authorities being parts of the total economic policy machinery, the role of monetary instruments in achieving fiscal objective should not be ignored. In countries like Pakistan where the central bank is under direct control of the government, fiscal policy is often made under t

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17

Chugunov, Igor, Mykola Pasichnyi, Valeriy Koroviy, Tetiana Kaneva, and Andriy Nikitishin. "Fiscal and Monetary Policy of Economic Development." European Journal of Sustainable Development 10, no. 1 (2021): 42. http://dx.doi.org/10.14207/ejsd.2021.v10n1p42.

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Fiscal and monetary policy coordination should focus on increasing public welfare and maintaining long-term macroeconomic stability. This article aims to enhance the theoretical and methodological basis of fiscal and monetary policy formation and determine the priority areas for improving their coordination to ensure sustainable economic development. We developed an institutional approach to study the fiscal-monetary mix. It is advisable to create favorable monetary conditions for fiscal measures and form a balanced budget for monetary regulation. The authors proposed the structural-functional

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18

Wu, Jing Cynthia, and Yinxi Xie. "Unconventional monetary and fiscal policy." Review of Economic Dynamics 56 (April 2025): 101259. http://dx.doi.org/10.1016/j.red.2024.101259.

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19

Adam, Klaus, and Roberto M. Billi. "Monetary conservatism and fiscal policy." Journal of Monetary Economics 55, no. 8 (2008): 1376–88. http://dx.doi.org/10.1016/j.jmoneco.2008.09.003.

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20

CHUNG, HESS, TROY DAVIG, and ERIC M. LEEPER. "Monetary and Fiscal Policy Switching." Journal of Money, Credit and Banking 39, no. 4 (2007): 809–42. http://dx.doi.org/10.1111/j.1538-4616.2007.00047.x.

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21

Sutawijaya, Adrian, and Etty Puji Lestari. "PENERAPAN METODE VECTOR AUTO REGRESSION DALAM INTERAKSI KEBIJAKAN FISKAL DAN MONETER DI INDONESIA." Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 14, no. 1 (2013): 66. http://dx.doi.org/10.23917/jep.v14i1.151.

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The purpose of this study is to analyze the interaction of fiscal and monetary policy in Indonesia, especially after the introduction of fiscal and monetary policy shocks. The research method used is the vector autoregression (VAR). VAR is usually used for projecting coherent system variables and time to analyze the dynamic impact of disturbance factors contained in the system variables. Variables used in this study is the level of interest rates as a proxy for monetary policy instruments, government expenditures as a proxy for fiscal policy, inflation rates and national income. The results sh

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22

Shapran, Vitaliy. "Monetary incentives and fiscal policy mutual influence." VUZF Review 6, no. 4 (2021): 180–86. http://dx.doi.org/10.38188/2534-9228.21.4.21.

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The article considers the problems and practice of using the tools of monetary and fiscal stimulation of the economy. The main problems of the application of monetary instruments in practice in emerging markets are identified. The author paid special attention to the definition of classical monetary policy instruments and their role in economic growth in emerging markets. Critical assessment of the role of monetary policy instruments in stimulating economic growth is based on the practice of central banks in emerging markets. Recommendations for the analysis of the efficiency of monetary trans

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23

Yuniwinsah, Fadhliah, and Ali Anis. "ANALISIS KAUSALITAS KEBIJAKAN FISKAL EKSPANSIF, KEBIJAKAN MONETER EKSPANSIF DAN PERTUMBUHAN EKONOMI DI INDONESIA." Jurnal Kajian Ekonomi dan Pembangunan 2, no. 1 (2020): 55. http://dx.doi.org/10.24036/jkep.v2i1.8855.

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This study examined the causality between expansionary fiscal policy, expansionary monetary policy and economic growth in Indonesia’s using a time series data with vector autoregression model (VAR) in the period of 1969-2018. The results of this study showed that are there is no causality between expansionary fiscal policy and expansionary monetary policy but there one-way relationship between them, it is the expansionary monetary policy gives influence to expansionary fiscal policy. There is no causality between expansionary fiscal policy and economic growth but there one-way relationship bet

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24

Pervaiz, Bushra, Muhammad Qasim Manzoor, Rana Hamza Gull, and Hafiza Asar Umar. "Empirical Analysis of the Effectiveness of Fiscal and Monetary Policy Tools in Stabilizing Economy: Evidence from Pakistan." Qlantic Journal of Social Sciences and Humanities 5, no. 4 (2024): 248–57. https://doi.org/10.55737/qjssh.v-iv.24264.

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Fiscal and monetary policy plays a vital role in macroeconomic stability. The Keynesians have emphasized the fiscal policy whereas the Monetarists supported interventions under monetary policy. In fact, these policies are interrelated and influence each other. The expansionary fiscal policy overheats the economy and reduce the effectiveness of monetary policy. The use of the appropriate mix of tools under fiscal and monetary policy is of immense importance for economic stability under country specific economic conditions. Therefore, the instant study was meant to look at the effectiveness of m

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25

Jia, Pengfei. "THE MACROECONOMIC IMPACT OF MONETARY-FISCAL POLICY IN A “FISCAL DOMINANCE” WORLD." Macroeconomic Dynamics 24, no. 3 (2018): 670–707. http://dx.doi.org/10.1017/s1365100518000408.

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This paper focuses on the question of what monetary and fiscal policy can do and should do in a “fiscal dominance” world. I first highlight that both “amplification” and “fiscal cushion” effects are always at work jointly in determining the evolution of inflation. I find the threshold of maturity of government bonds beyond which more aggressive monetary policy dampens inflation volatility is three quarters. In addition, I conduct welfare analysis to quantitatively evaluate the costs and benefits brought by long-term debt. My results show that the threshold of government debt maturity above whi

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26

Okorie, David Iheke, Manu Adasi Sylvester, and Dak-Adzaklo Cephas Simon-Peter. "Relative Effectiveness of Fiscal and Monetary Policies in Nigeria." Asian Journal of Social Science Studies 2, no. 1 (2016): 117. http://dx.doi.org/10.20849/ajsss.v2i1.129.

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This study employs the auto regressive distributed lag (ARDL) model to ascertain the relative effectiveness of monetary and fiscal policies in Nigeria using a quarterly time-series from 1981-2012. From our analysis, it discovered that monetary and fiscal policies both have significant positive impact income. This conforms to a priori expectation and we discovered that monetary policy effects income faster than fiscal policy. In the short run, monetary policy effects income more than fiscal policy but the reverse is the case for the long run. Total impact of fiscal policy is higher than that of

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27

Taylor, John B. "Reassessing Discretionary Fiscal Policy." Journal of Economic Perspectives 14, no. 3 (2000): 21–36. http://dx.doi.org/10.1257/jep.14.3.21.

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Recent changes in policy research and in policy-making call for a reassessment of countercyclical fiscal policy. Such a reassessment indicates that countercyclical fiscal policy should focus on automatic stabilizers rather than discretionary actions. Monetary policy has been reacting more systematically to output and inflation; long expansions in the 1980s and 1990s demonstrate policy effectiveness. It is unlikely that discretionary countercyclical fiscal policy could improve things, even with less uncertainty about fiscal impacts. A discretionary countercyclical fiscal policy could make monet

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28

Tsuzuki, Eiji. "Dynamic Analysis of Two Policy Lags in a Kaldorian Model." Discrete Dynamics in Nature and Society 2015 (2015): 1–12. http://dx.doi.org/10.1155/2015/927138.

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We examine the effects of policy lags on local economic stability using a Kaldorian model. This study analyzes two cases: the case of a monetary policy with a time lag and the case of a policy with both fiscal and monetary lags. Similar to the case of fiscal policy lags examined in a previous study, monetary policy lags have destabilizing effects on economic stability. However, in the case of the existence of both fiscal and monetary policy lags, there is a possibility that a monetary policy lag can stabilize an economy.

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29

de Jesus, Cleiton Silva, and Fernando Motta Correia. "Active fiscal policy and macroeconomic stability." Journal of Economic Studies 43, no. 5 (2016): 749–62. http://dx.doi.org/10.1108/jes-03-2015-0052.

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Purpose The purpose of this paper is to investigate whether fiscal policy may be a complementary instrument to monetary policy in the macrostabilization process. Design/methodology/approach The authors developed a dynamic system with two linear differential equations in order to verify if an active fiscal policy can be compatible with macroeconomic equilibrium in three monetary policy regimes (conservative, alternative and hybrid). The authors also use numerical simulations because it is impossible to extract analytically full conclusions from the theoretical model. Findings The results sugges

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30

Izzulhaq, Syahid, and Akhmad Syakir Kurnia. "The Credibility of Monetary Policy and Procyclical Fiscal Policy." Applied Economics and Finance 9, no. 1 (2022): 121. http://dx.doi.org/10.11114/aef.v9i1.5482.

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If indiscipline fiscal policy could affect the monetary policy’s objective and effectiveness, is it necessarily mean that the status quo of monetary policy credibility would also be impacted? This paper addresses the issue by constructing a simple theoretical model and conducting empirical investigations using a dataset from 25 selected Inflation Targeting Framework countries throughout 2003-2017. By employing the Generalized Method of Moments, we find that the monetary policy will remain the status quo credible as the central bank would optimally respond to the disturbances originated from pr

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31

Di Bartolomeo, Giovanni, and Francesco Giuli. "Fiscal and monetary interaction under monetary policy uncertainty." European Journal of Political Economy 27, no. 2 (2011): 369–75. http://dx.doi.org/10.1016/j.ejpoleco.2010.11.001.

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32

Ali, Brekhna, and Mukamil Shah. "The Implication of Fiscal Variables in the Monetary Reaction Function of Pakistan." Global Economics Review VIII, no. I (2023): 1–16. http://dx.doi.org/10.31703/ger.2023(viii-i).01.

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This paper investigates the influence of fiscal variables on the monetary reaction function innPakistan. The main concern of a macroeconomic policy is to achieve sustainable growth and to keep a low level of inflation in the economy. For empirical analysis, the Autoregressive Distributive Lag model (ARDL) is applied using quarterly data for the period 2004Q1 to 2020Q4. The empirical evidence reveals that the monetary policy instrument in the monetary reaction function is explained significantly by the fiscal policy variables both in the short and long-run. Monetary policy independently cannot

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33

Haltom, Renee, and John Weinberg. "Unsustainable Fiscal Policy: Implications for Monetary Policy." Economic Quarterly 101, no. 02 (2016): 151–67. http://dx.doi.org/10.21144/eq1010204.

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34

ZIA UR REHMAN, ASAD KHAN, SHER ALI KHAN, and SHAH RAZA KHAN. "Monetary Policy, Fiscal Policy and Capital Structure." Journal of Business & Tourism 4, no. 2 (2021): 77–85. http://dx.doi.org/10.34260/jbt.v4i2.163.

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Instruments of monetary and fiscal policy are beyond the control of the management but they do influence the short-term as well as long-term decision making of the firm. Empirical studies with respect to their effect on financing decisions of the firm are somewhat under researched particularly in the context of developing countries. The aim of the study was to analyse the effect of these instruments on the financing decisions of the non-financial firms listed on PSX for the period 2008-2015. Fixed effect model was used to analyse the effect of instruments of monetary policy and fiscal policy o

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35

Diaz-Roldan, Carmen, and Carmelo Monteagudo-Cuerva. "Fiscal policy under alternative monetary policy regimes." Business and Economic Horizons 9, no. 2 (2013): 1–9. http://dx.doi.org/10.15208/beh.2013.5.

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36

Crosby, Mark. "Macroeconomic Policy: Demystifying Monetary and Fiscal Policy." Economic Record 88, no. 281 (2012): 295–96. http://dx.doi.org/10.1111/j.1475-4932.2011.00817.x.

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37

Adam, Klaus, and Roberto M. Billi. "Distortionary fiscal policy and monetary policy goals." Economics Letters 122, no. 1 (2014): 1–6. http://dx.doi.org/10.1016/j.econlet.2013.10.017.

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Novoszáth, Péter. "Economic and Monetary Policy in Albania." Foreign Policy Review 15, no. 1 (2022): 89–124. http://dx.doi.org/10.47706/kkifpr.2022.1.89-124.

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This paper analyses Albania’s monetary policy in terms of the Albanian economic policy and monetary market, determining the effects of monetary policy and its consequences for some of the key macroeconomic indicators. The analysis concludes that the policy of the Albanian Central Bank, is applied in an unequal monetary market, since the money market is divided almost equally between foreign currency and the local currency, the Albanian lek (ALL). Fiscal consolidation is still necessary to safeguard debt sustainability. Rebuilding the fiscal space is particularly important because the Albanian

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Al-shawarby, Sherine, and Mai El Mossallamy. "Monetary-fiscal policies interactions and optimal rules in Egypt." Review of Economics and Political Science 4, no. 2 (2019): 138–57. http://dx.doi.org/10.1108/reps-03-2019-0033.

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Purpose This paper aims to estimate a New Keynesian small open economy dynamic stochastic general equilibrium (DSGE) model for Egypt using Bayesian techniques and data for the period FY2004/2005:Q1-FY2015/2016:Q4 to assess monetary and fiscal policy interactions and their impact on economic stabilization. Outcomes of monetary and fiscal authority commitment to policy instruments, interest rate, government spending and taxes, are evaluated using Taylor-type and optimal simple rules. Design/methodology/approach The study extends the stylized micro-founded small open economy New Keynesian DSGE mo

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Vasiljev, Tamara Bašić. "Estimated DSGE Model for Monetary and Fiscal Polic Coordination Analysis – The Case of Serbia." Journal of Central Banking Theory and Practice 7, no. 1 (2018): 145–73. http://dx.doi.org/10.2478/jcbtp-2018-0007.

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AbstractWe present a new-Keynesian model for small open economy, with price rigidities stemming from a Calvo pricing scheme (1983), monopolistic banking system, financial dollarization of the economy and monetary and fiscal policy governed by rules. We estimate the model on Serbian data and propose various model extensions that could be used for monetary and fiscal policy analysis. We consider 6 combinations of monetary and fiscal policy regimes, inflation targeting and currency peg on one hand, and discretionary cyclically neutral fiscal policy and fiscal rules, on the other. The model with i

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Sims, Christopher A. "Paper Money." American Economic Review 103, no. 2 (2013): 563–84. http://dx.doi.org/10.1257/aer.103.2.563.

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Drastic changes in central bank operations and monetary institutions in recent years have made previously standard approaches to explaining the determination of the price level obsolete. Recent expansions of central bank balance sheets and of the levels of richcountry sovereign debt, as well as the evolving political economy of the European Monetary Union, have made it clear that fiscal policy and monetary policy are intertwined. Our thinking and teaching about inflation, monetary policy, and fiscal policy should be based on models that recognize fiscal-monetary policy interactions. (JEL E31,

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Bhattarai, Saroj, Jae Won Lee, and Choongryul Yang. "Redistribution and the Monetary-Fiscal Policy Mix." Finance and Economics Discussion Series 2021, no. 013 (2021): 1–47. http://dx.doi.org/10.17016/feds.2021.013.

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We show that the effectiveness of redistribution policy in stimulating the economy and improving welfare is directly tied to how much inflation it generates, which in turn hinges on monetary-fiscal adjustments that ultimately finance the transfers. We compare two distinct types of monetary-fiscal adjustments: In the monetary regime, the government eventually raises taxes to finance transfers, while in the fiscal regime, inflation rises, effectively imposing inflation taxes on public debt holders. We show analytically in a simple model how the fiscal regime generates larger and more persistent

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Hanipah, Hanipah, Pegi Sugiartini, and Indi Millatul Maula. "Analysis of the Impact of Government Fiscal and Monetary Policies on Economic Growth in Indonesia: Government Economic Approach." Journal of Social Research 2, no. 11 (2023): 3867–71. http://dx.doi.org/10.55324/josr.v2i11.1498.

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Government economics is the study of how government policies influence a country's economic activities. In this case, fiscal and monetary policies are the two main instruments used by the government to control economic growth. In Indonesia, fiscal and monetary policies are used to increase economic growth and overcome economic problems faced by the country. Qualitative methods that can be used in this research are case studies or field research. This research aims to analyze the influence of fiscal and monetary policy on economic growth in Indonesia. The research results show that fiscal and m

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Cahyadi, Rahmad, Ahmad Albar Tanjung, and Sukardi . "Impact of Monetary Policy and Fiscal Policy on Gross Domestic Product in Indonesia." International Journal of Research and Review 10, no. 1 (2023): 688–97. http://dx.doi.org/10.52403/ijrr.20230177.

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This study aims to determine which policies are effectively implemented between monetary policy and fiscal policy for Indonesia's gross domestic product. The data used is the annual Secondary time series data from 1990-2020. Research variables are estimated using a quantitative approach that is two Stage Least Square (TSLS) model. Policy is said to be more effective if the policy is able to affect the increase in gross domestic product higher than other policies. The ability of the policy to influence the increase in gross domestic product is indicated by the magnitude of the variable signific

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Sanusi, Kazeem Abimbola, and Zandri Dickason-Koekemoer. "Fiscal and Monetary Policies Interactions in Nigeria and South Africa: Dynamic Stochastic General Equilibrium Approach." International Journal of Economics and Financial Issues 13, no. 5 (2023): 21–31. http://dx.doi.org/10.32479/ijefi.14551.

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The interaction between fiscal and monetary policies in achieving macroeconomic goals has been a subject of debate, particularly on whether they complement or substitute each other. This issue arises when both policy authorities are independent of each other. This study aims to revisit the interaction of fiscal and monetary policies in Nigeria and South Africa using a dynamic stochastic general equilibrium model (DSGE) and calibration technique. The model consists of 20 equations that illustrate the behaviour of endogenous variables. The parameters are obtained from relevant DSGE literature an

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Pasichnyi, Mykola. "Fiscal and monetary instruments of impact on economic development." University Economic Bulletin, no. 48 (March 30, 2021): 215–24. http://dx.doi.org/10.31470/2306-546x-2021-48-215-224.

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The research subject includes the theoretical basis and mechanism of fiscal and monetary policy coordination. The study aims to justify the conceptual basis of fiscal- monetary policy interactions to ensure economic development. Methods. To achieve the appropriate tasks, we used a set of methods and approaches that helped ensure our investigation's conceptual unity. The systemic and structural approaches, analysis and synthesis methods, comparison, generalization, modeling, and scientific abstraction are applied. Results. In this paper, we improved the theoretical and methodological foundation

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JACKSON, Emerson Abraham. "Economics of Fiscal Dominance and Ramifications for the Discharge of Effective Monetary Policy Transmission." Theoretical and Practical Research in Economic Fields 15, no. 1 (2024): 31. http://dx.doi.org/10.14505/tpref.v15.1(29).03.

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This paper explores the intricate dynamics of fiscal dominance and its profound implications for monetary policy efficacy, contributing to the discourse on the interplay between fiscal and monetary policies. The theoretical foundation critically examines existing literature, integrating empirical evidence to construct a comprehensive understanding. Model blocks strategically elucidate the significance of fiscal variables in shaping monetary transmission mechanisms. The ensuing analysis scrutinises the disruptive potential of fiscal dominance on conventional monetary policy tools. The conclusio

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Olisah, Remigius. "MONETARY AND FISCAL POLICY COORDINATION IN NIGERIA." Social Science and Law Journal of Policy Review and Development Strategies 8, no. 1 (2021): 116–32. http://dx.doi.org/10.48028/iiprds/ssljprds.v8.i1.09.

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This paper seeks to examine monetary and fiscal policy coordination in Nigeria. It discussed monetary policy as expansionary or contractionary, showing the various tools of monetary policy instruments in the country. Data are generated from secondary sources and evaluated through content analysis. The study is anchored by the Monetarist theory of inflation. Various literature examined shows that with declining oil prices and production challenges in an oil-dependent economy, achieving the growth projection requires better coordination of fiscal and monetary policies in a way that supports the

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Pradhan, Swapan-Kumar, Előd Takáts, and Judit Temesvary. "How Does Fiscal Policy affect the Transmission of Monetary Policy into Cross-border Bank Lending? Cross-country Evidence." International Finance Discussion Paper, no. 1400 (November 2024): 1–58. https://doi.org/10.17016/ifdp.2024.1400.

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We use a rarely accessed BIS database on bilateral cross-border bank claims by bank nationality to examine the interaction of monetary and fiscal policies. We find significant interactions: the transmission of the monetary policies of major currency issuers is significantly influenced by the fiscal stance of source (home) lending banking systems. Fiscal consolidation in a source country amplifies the effect of currency issuers' monetary policy on lending. For instance, a reduction in the German debt-to-GDP ratio amplifies the negative impact of US monetary policy tightening on USD-denominated

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Ubid, Basim Khamees. "Analysis of the Relationship between Fiscal Policy Shocks and Monetary Stability in Iraq's Economy for the Period 1990-2018." International Academic Journal of Economics 9, no. 1 (2022): 11–19. http://dx.doi.org/10.9756/iaje/v9i1/iaje0902.

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The research aims to measure the impact of positive and negative fiscal policy shocks on monetary stability in Iraq, which represents monetary stability as an indicator of real and price stability. Fiscal policy shocks are quantitative changes in public spending and public revenue affecting the output and price cycle, and fiscal policy despite the accompanying time gaps, but it remains a policy Influential and has a significant degree of impact on economic growth and development in developing countries. The fiscal policy represents a numerical translation of the economic and social objectives

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