Constraints on Monetary Policy for Transitional Economies

Pero Jurković

Chapter 12 in Macroeconomic Management, 1995, pp 210-220 from Palgrave Macmillan

Abstract: Abstract The interdependence of fiscal and monetary policy is well known.1 While fiscal policy determines the magnitude of the total balance of public revenue and expenditure, monetary policy determines the way financing is to be carried out. Thus, public revenue and expenditure balance; that is, public sector deficit or surplus becomes the deciding factor of interdependence between fiscal and monetary policy.

Keywords: Monetary Policy; Foreign Exchange; Fiscal Policy; Commercial Bank; Public Debt (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24280-1_12

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DOI: 10.1007/978-1-349-24280-1_12

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