Naslov
Monetary-fiscal policy in crisis and post-crisis period: A new era of state and central-banking interventionism

Autori
Bašić, Luka ; Bubić, Jasenka

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
IMR INTERDISCIPLINARY MANAGEMENT RESEARCH XVIII / - , 2005, 527-550

Skup
IMR INTERDISCIPLINARY MANAGEMENT RESEARCH XVIII

Mjesto i datum
OPATIJA, RH, 05.05.2022. - 07.05.2022

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Nije recenziran

Ključne riječi
monetary policy, fiscal policy, macroeconomic indicators, crisis and post-crisis period, interventionism

Sažetak
Successful balancing of monetary and fiscal policy is an extremely important and necessary thing for a prosperous economic cycle, because without these two interconnections, the situation would lead to financial instability of one country, negative impact through strong inflationary developments, as well as rampant increases in interest rates, which would consequently affect the economic picture and progress negatively. Considering how it is the central banks that implement monetary policy, and it is the Government that implements fiscal policy, this work is based on the primary hypothesis of performance testing and correlation between all major macroeconomic factors in the crisis period and will, as such, give us an insight into the indicative future projections in the post-crisis period. The secondary sub- hypothesis of the paper will be conceived on issues that will remain open after the pandemic, which are already visible. Through monetary frameworks, this is certainly a question of future reactions with lower and upper interest rates, the availability of monetary tools to contain strong inflationary developments, balancing the overcapacity of cash in circulation and how realistic it is to expect a continuation of a strong central-banking policy for buying government bonds. On the other hand, the fiscal issue that will remain open is how states plan to build a new post-crisis revenue structure given their crisis tax and public expenditure policies.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA