La coordination des politiques monétaire et budgétaire: Aperçu théorique

Coordination of monetary and fiscal policies: Theoretical Overview

Hounaida Daly and Mounir Smida

MPRA Paper from University Library of Munich, Germany

Abstract: Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This "divorce'' of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.

Keywords: Politique monétaire; Politique Budgétaire; Coordination (search for similar items in EconPapers)
JEL-codes: E4 E5 E52 E58 E6 E62 (search for similar items in EconPapers)
Date: 2013-07-02
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:48066

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