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The Applied fiscal-monetary theory: Character of constraint and essentials to the advancement of developing economies

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  • Tweneboah Senzu, Emmanuel

Abstract

The paper makes a proposition that the chaotic functioning order of the operating factors of the economy as a system only results in a constraint. And further, argue that a persistent aggregate chaotic functioning becomes a complex constraint, creating more distortion in the performance of the economy. Which the study further establishes the major causal factors that make the mainstream theoretical approach to economic growth and development within fiscal-monetary policy and its management space, fails to be effective in application towards developing and under developing economies, and recommends resolution as a method in a form of a policy framework, having within its core a job creation system to initiate full employment towards development as a focal interest of the paper.

Suggested Citation

  • Tweneboah Senzu, Emmanuel, 2020. "The Applied fiscal-monetary theory: Character of constraint and essentials to the advancement of developing economies," MPRA Paper 104872, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:104872
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    File URL: https://mpra.ub.uni-muenchen.de/113250/1/MPRA_paper_113250.pdf
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    References listed on IDEAS

    as
    1. Levine, Ross & Renelt, David, 1992. "A Sensitivity Analysis of Cross-Country Growth Regressions," American Economic Review, American Economic Association, vol. 82(4), pages 942-963, September.
    2. Tweneboah Senzu, Emmanuel, 2019. "Theoretical perspective of dynamic credit risk analysis and lending model; effective to enterprises of fragile economy," MPRA Paper 91789, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Monetary Policy; Fiscal Policy; Development theory; Economic growth; Constraint;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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