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La coordination des politiques monétaire et budgétaire: Aperçu théorique
[Coordination of monetary and fiscal policies: Theoretical Overview]

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  • Daly, Hounaida
  • Smida, Mounir

Abstract

Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This |"divorce'' of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 48020.

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Date of creation: 02 Jul 2013
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Handle: RePEc:pra:mprapa:48020

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Keywords: Politique monétaire; Politique budgétaire; Coordination.;

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