Monetary and Fiscal Policy Interactions in the Czech Republic

Řežábek, Pavel; Doucek, Petr

doi:10.3390/systems6020025

Cited by 2 publications

References 25 publications

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Interakcje polityki pieniężnej i fiskalnej a niezależność banku centralnego – przegląd możliwych podejść modelowych w badaniach empirycznych

Kokoszczyński¹,

Mackiewicz-Łyziak²

2020

Modele W Ekonomii. Księga Jubileuszowa Profesora Wojciecha Maciejewskiego

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There are numerous theoretical and empirical studies on interactions between monetary and fiscal policy. Even if the independence of central banks affects those interactions, it has rarely been directly included in those studies. In this chapter, we present two general approaches to empirical studies on interactions between those two policies and the possibilities for inclusion of independence of central banks in their modelling. Generally, the first approach has poor theoretic background and relies on simple models describing rules for fiscal and monetary policies. Those models also include proxies for some aspects of fiscal policy. Similarly, some simple measures usually address the independence of central banks. The second approach most often roots in the fiscal theory of the price level. The overwhelming majority of presented studies report a significant impact of the central banks’ independence in the form of a more sustainable policy using the first approach.

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Interakcje polityki pieniężnej i fiskalnej a niezależność banku centralnego – przegląd możliwych podejść modelowych w badaniach empirycznych

Kokoszczyński¹,

Mackiewicz-Łyziak²

2020

Modele W Ekonomii. Księga Jubileuszowa Profesora Wojciecha Maciejewskiego

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Monetary Policy Mechanisms and Economic Growth Stability in Nigeria

Omodero¹,

Okafor²

2020

RWE

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The study considers the effectiveness of monetary policy tools in guaranteeing economic growth stability in Nigeria. In recent times monetary policy tools have become very productive in stabilizing an economy. Thus, this study employs three monetary policy instruments which include: money supply, interest rate and exchange rate to examine the effectiveness of the monetary policy on economic growth stability in Nigeria from 1998 to 2018. The findings reveal that the money supply is substantially positive in influencing the GDP, which is used as a proxy for economic growth stability. However, interest rate and exchange rate do not have a significant impact on the GDP. The study concludes that money supply is the most productive monetary policy tool in Nigeria and recommends its proper usage to achieve maximum economic benefit. The relevant financial power (CBN) in the country is encouraged to allow more accessibility to credits by reducing interest rate and exchange rate fluctuations.

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Monetary and Fiscal Policy Interactions in the Czech Republic

Cited by 2 publications

References 25 publications

Interakcje polityki pieniężnej i fiskalnej a niezależność banku centralnego – przegląd możliwych podejść modelowych w badaniach empirycznych

Interakcje polityki pieniężnej i fiskalnej a niezależność banku centralnego – przegląd możliwych podejść modelowych w badaniach empirycznych

Monetary Policy Mechanisms and Economic Growth Stability in Nigeria

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