Features of the Loss of Intensity of State Economic Regulation in the Crisis Period

Klimenko, Olena

doi:10.32702/2307-2105-2022.2.99

Cited by 1 publication

(2 citation statements)

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“…The solution of the developed system of equations according to the selected model and the defined currency regime needs substantiation. According to mathematical and vector analysis [8], the influence of the multiplier effect from the introduction of fiscal policy tools on the gross output of goods and services was mathematically substantiated. The multiplicative effect is justified based on the multiplicative coefficient, which can be both positive and negative.…”

Section: Methodsmentioning

confidence: 99%

“…Otherwise, the state must intervene in cyclical development and stimulate the economy during the recession and depression and restrain during the rapid recovery. Other economists, such as followers of M. Friedman [6; 7], believe that the state cannot take specific measures to get out of the crisis as soon as possible, and one of the reasons is that the stabilization measures used are not succeeding due to the backlog [8], and potential misconduct by the government on economic policy is likely to exacerbate crisis fluctuations. Therefore, the neoclassicists [9; 10] assume that in most cases the behavior of abstinence from economic policy measures stabilizes the economy.…”

Section: Introductionmentioning

confidence: 99%

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Forecasting effectiveness of government measures regarding the economic development of Ukraine

Klimenko¹,

Mashchenko²

2022

Economics of Development

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The protracted COVID-19 pandemic and Russia’s invasion of Ukraine have caused a severe and deep crisis in Ukraine and colossal physical destruction. The restoration of the country, its economy and the entire socio-economic system determines the urgency of providing predictive indicators to identify the fastest results. The purpose of the article was to forecast the effectiveness of the government's economic policy based on the Mandel-Fleming model for the development of Ukraine's economy. The article used the method of analysis and synthesis and the system approach, the method of economic modeling, economic forecasting, the method of mathematical and vector analysis, the graphic method, as well as the main provisions of the Mandel-Fleming macroeconomic model for open economics in the short term. The article proposes to forecast the effectiveness of real government measures under the condition of using multipliers of the Mandela-Fleming model for Ukraine’s economic development after the deep socio-economic crisis caused by the war. In predict applied, chain schemes are presented that show the effectiveness of specific monetary and fiscal policy measures. It was proposed approach of forecasting the effectiveness of implementing the government’s monetary and fiscal policy measures, taking into account positive or negative multiplicative coefficients according to the Mandel-Fleming model, depending on the exchange rate regime for the recovery of the economy and economic development of Ukraine. The research has an applied aspect and is suitable for use in decision-making by the government regarding the implemented economic policy

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Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%