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The dynamic interaction between monetary and fiscal policies in Indonesia

Kuncoro, Haryo; Sebayang, K. Dianta A. - In: Romanian journal of fiscal policy : RJFP 4 (2013) 1, pp. 47-66

The aim of this paper is to analyze the dynamic interaction between monetary and fiscal policies in Indonesia for the period of 1999 - 2010. First, we propose the reaction function between monetary and fiscal policies. Second, we identify the main determinants of both interaction decisions, i.e....

Persistent link: https://www.econbiz.de/10010480258

The economic and monetary union : past, present and future

Dąbrowski, Marek - 2019

Twenty years of euro history confirms the euro's stability and position as the second global currency. It also enjoys the support of majority of the euro area population and is seen as a good thing for the European Union. The European Central Bank has been successful in keeping inflation at a...

Persistent link: https://www.econbiz.de/10012029380

Monetary-fiscal policy relations in the euro area : the impact on the primary balance

Dascher-Preising, Fabienne; Greiner, Alfred - 2022

With this paper, our objective is to empirically study public debt sustainability by estimating a fiscal reaction function where the primary balance relative to GDP is assumed to be a function of the public debt to GDP ratio of the previous year and of other macroeconomic variables. In...

Persistent link: https://www.econbiz.de/10013335018

Impulse on the Aggregate Demand in Bolivia through the Coordination of the Monetary and Fiscal Policy in Crisis Time

Valdivia, Joab - 2019

expenditure in infrastructure). These antecedents, aid to the interest of the study of the coordination of the economic policy in …

Persistent link: https://www.econbiz.de/10012901680

Central bank digital currency and fiscal policy in a Diamond-Dybvig Model

El Armali, Jafar - In: Journal of government and economics : JGE 12 (2023), pp. 1-3

that fiscal policy designed in coordination with the central bank achieves optimal allocation while maintaining price …

Persistent link: https://www.econbiz.de/10014518045

Did the crisis change it all? : evidence from monetary and fiscal policy

Mitreska, Ana; Vojnovic, Maja Kadievska; Georgievska, Ljupka - Narodna Banka na Republika Makedonija / Direkcija za … - 2010

The recent financial and economic crisis has triggered bold and diverse policy responses to prevent further, sharper and prolonged adverse effects to the financial and the real sector. The measures for alleviating the cycle were a feature both of the advanced and the emerging and developing...

Persistent link: https://www.econbiz.de/10011622637

Budget-neutral fiscal rules targeting inflation differentials

Brede, Maren - 2016

In light of persistent in ation dispersion and rising debt levels in the EMU, this paper investigates the welfare implications of budget-neutral scal policies that counteract in ation di erentials. In a two-country DSGE model of a monetary union with traded and non-traded goods a national scal...

Persistent link: https://www.econbiz.de/10011437921

Monetary and Fiscal Policy Interactions in the Euro Area

Carlberg, Michael - 2004

This paper studies the interactions between monetary and fiscal policies in the euro area. The focus is on the union central bank, the German government, and the French government. The policy targets are price stability in the union, full employment in Germany, and full employment in France. The...

Persistent link: https://www.econbiz.de/10014070599

Optimum policy domains in an interdependent world

Evers, Michael P. (contributor) - 2007

In this paper, I argue that international policy coordination requires to include both monetary as well as fiscal …. Hence, the coordination of one part of national macroeconomic policies through an international agreement still leaves room … Macroeconomics it is demonstrated that potential gains from international policy coordination are squandered if policymakers only …

Persistent link: https://www.econbiz.de/10003576414

Stabilization and the Policy Mix in a Monetary Union

Malmierca, María - 2020

The need for macroprudential policy to “lean against the wind” of credit cycles at the aim of financial and hence macroeconomic stability is a common belief. Which design of macroprudential policy might attain the greatest stability for the economy is still an open debate. This paper builds...

Persistent link: https://www.econbiz.de/10012841094