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التحقق من أثر التنسيق بين السياستين المالية والنقدية على الأهداف الاقتصادية باستخدام نموذج قياسي
[The Assessment of the Impact of the Coordination between Fiscal and Monetary Policies on Economic Objectives: Using an Empirical Model]

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  • Kamal, Mona

Abstract

The objective of this study is to estimate an empirical model using pooled data for five industrialized countries to assess the impact of the coordination between monetary and fiscal policies on macroeconomic targets. Those countries are characterized with the existence of the institutional coordinating arrangements required for the success of the coordination between the two policies and the long history of implementing the stabilization policies.

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File URL: http://mpra.ub.uni-muenchen.de/26670/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 26670.

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Date of creation: Nov 2010
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Handle: RePEc:pra:mprapa:26670

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Keywords: The coordination between monetary and fiscal policies; empirical model; Seemingly Unrelated Regression Method (SUR);

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  1. Herman Bennett C. & Norman Loayza O., 2000. "Policy Biases when the Monetary and Fiscal Authorities have Different Objectives," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 3(2), pages 53-72, August.
  2. Beck, Thorsten & Clarke, George & Groff, Alberto & Keefer, Philip & Walsh, Patrick, 2000. "New tools and new tests in comparative political economy - the database of political institutions," Policy Research Working Paper Series 2283, The World Bank.
  3. Cukierman, Alex & Webb, Steven B & Neyapti, Bilin, 1992. "Measuring the Independence of Central Banks and Its Effect on Policy Outcomes," World Bank Economic Review, World Bank Group, vol. 6(3), pages 353-98, September.
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