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Two approaches for analysing and evaluating the short-term effects of fiscal and monetary policy coordination during the crisis

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  • Dimitar Zlatinov

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

Abstract

This paper discusses and proposes two analytical approaches for analysing and evaluating the coordination of fiscal and monetary policy conducted during the current crises based on achievement of their fundamental economic goals as well as their efficiency. Using such a framework, the paper aims to make an assessment over the coordinated implementation of anti-crisis measures in the USA, United Kingdom, Japan, Russia and China in 2009 – 2011. The main outcome is that the fiscal-monetary mix in the USA and China has been a well-coordinated one and supports economic growth, whereas the United Kingdom, Russia and China have failed to design and implement effective macroeconomic and financial policies.

Suggested Citation

  • Dimitar Zlatinov, 2016. "Two approaches for analysing and evaluating the short-term effects of fiscal and monetary policy coordination during the crisis," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 13(1), pages 81-99, September.
  • Handle: RePEc:sko:yrbook:v:13:y:2016:i:1:p:81-99
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    File URL: http://www.feb.uni-sofia.bg/sko/yrbook/Yearbook13-04.pdf
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    Cited by:

    1. Sonya Georgieva, 2021. "Fiscal Multipliers in Bulgaria and Central and Eastern Europe Countries," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 131-167.

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