Two approaches for analysing and evaluating the short-term effects of fiscal and monetary policy coordination during the crisis

Dimitar Zlatinov ()
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Dimitar Zlatinov: Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski

Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2016, vol. 13, issue 1, 81-99

Abstract: This paper discusses and proposes two analytical approaches for analysing and evaluating the coordination of fiscal and monetary policy conducted during the current crises based on achievement of their fundamental economic goals as well as their efficiency. Using such a framework, the paper aims to make an assessment over the coordinated implementation of anti-crisis measures in the USA, United Kingdom, Japan, Russia and China in 2009 – 2011. The main outcome is that the fiscal-monetary mix in the USA and China has been a well-coordinated one and supports economic growth, whereas the United Kingdom, Russia and China have failed to design and implement effective macroeconomic and financial policies.

Keywords: fiscal policy; monetary policy; coordination. (search for similar items in EconPapers)
Date: 2016
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