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The paper contains a retrospective analysis of macroeconomic policy and reforms in the countries of the former Soviet Union (FSU) from 1992 to 2021, after obtaining political and economic independence in 1991. Special attention is given to problems of macroeconomic stabilization and economic...
Persistent link: https://www.econbiz.de/10015394231
This study employs the auto regressive distributed lag (ARDL) model to ascertain the relative effectiveness of monetary and fiscal policies in Nigeria using a quarterly time-series from 1981-2012. From our analysis, it discovered that monetary and fiscal policies both have significant positive...
Persistent link: https://www.econbiz.de/10012951917
The last decade witnessed an unprecedented economic growth in Emerging Market Economies (EMEs). EMEs have also been the main drivers of growth in the recovery following the global financial crisis. Nevertheless, EMEs continue to face a number of institutional and structural challenges that may...
Persistent link: https://www.econbiz.de/10013007646
In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal and monetary authorities are formed and what are their...
Persistent link: https://www.econbiz.de/10011410410
In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal and monetary authorities are formed and what are their...
Persistent link: https://www.econbiz.de/10011597642
The debate about the use of fiscal instruments for macroeconomic stabilization has regained prominence in the aftermath of the Great Recession, and the experience of a monetary union equipped with fiscal shock absorbers, such as the United States, has often been a reference. This paper enhances...
Persistent link: https://www.econbiz.de/10011999069
Persistent link: https://www.econbiz.de/10013270502
The current paper investigates the role of fiscal and monetary policies on inflation in Sudan for the period (1970 … expenditure on inflation. It has adopted a descriptive and analytical method to achieve the goal. In particular, it has relied on … influencing inflation in Sudan. While exchange rate and government expenditure are found to be with no effect on inflation rate …
Persistent link: https://www.econbiz.de/10012856293
The study examines whether inflation process can be explained within the framework of the Money Market Approach in the … that the Money Market Approach has not been relevant for explaining Azerbaijani inflation. Because Azerbaijan, a resource … analysis of the inflation. Since the Money Market Approach seems irrelevant one, the paper puts forward application of other …
Persistent link: https://www.econbiz.de/10013128594
in December 2013. Inflation reached 6.1% at the end of 12 months. The consumer price index stood at 0.5% within the first …
Persistent link: https://www.econbiz.de/10013055357