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Macroeconomic effects of fiscal policy transmission mechanism under financial crisis

Author

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  • Virchenko A.

    (Taras Shevchenko National University of Kyiv)

Abstract

The paper focuses on specific effects of each of the element of fiscal policy transmission mechanism on real economy sector. Key approaches to fiscal policy implementation and fiscal transmission channels definition are highlighted. A formalized description is suggested as to the effect of fiscal impulses on main macroeconomic indices. A necessity of implementing of macro-prudential fiscal policy aimed to meet the financial crisis is emphasized. Using logical method and comparative analysis, the author made an attempt to formulate general principles of taxation, expenditure, and government debt management. Crucial ways to design financial policy are outlined.

Suggested Citation

  • Virchenko A., 2012. "Macroeconomic effects of fiscal policy transmission mechanism under financial crisis," Bulletin of Taras Shevchenko National University of Kyiv. Economics. Вісник Киiвського нацiонального унiверситету iм. Тараса Шевченка. Серiя: Економiка, CyberLeninka;Издательско-полиграфический центр «Киевский университет», issue 141, pages 62-64.
    • Handle: RePEc:scn:013723:14900099
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