Home  Journals  Finance and Credit  27(555) - 2013 July

Interaction between monetary and fiscal policy: theory and practice

Available online: 22 July 2013

Subject Heading: GOVERNMENT FINANCE

JEL Classification: 

In the article the interaction between monetary and fiscal policy provides the possibility of monetization the public debt is considered. In advanced economies this measure is aimed at stabilizing the financial markets. In Russia it will allow to apply the effective method of financing the infrastructure projects and stimulating economic growth without worsening the debt burden of the budget.

Keywords: monetary policy, fiscal policy, central bank, inflation, economic growth, quantitative easing, debt monetization, hysteresis effect, fiscal multiplier

View all articles of issue

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 3 March 2024

Archive