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Considerations regarding monetary and fiscal exit strategies from the crisis

Author

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  • Maria VASILESCU

    (Constatin Brancusi University of Targu Jiu, Romania)

Abstract

The recent financial crisis and all unusual monetary and fiscal policy reactions have stressed the importance to be given to understand macroeconomic consequences of policy interventions and their interactions. This profound crisis has led to both nonstandard policy actions of various authorities around the globe, but it has also revealed limitations of traditional modeling tools to guide policymakers’ actions until nowadays. The delicate state of governments’ accounts in many countries is a consequence of the strong fiscal policy reactions, giving rise to risks of a potential fiscal crisis. Issues regarding monetary and fiscal policy decisions interactions are, therefore, the key element for successful exit strategies from the crisis.

Suggested Citation

  • Maria VASILESCU, 2010. "Considerations regarding monetary and fiscal exit strategies from the crisis," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 155-160, April.
  • Handle: RePEc:cbu:jrnlec:y:2010:v:1:p:155-160
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    References listed on IDEAS

    as
    1. Paul Schreyer, 2000. "The Contribution of Information and Communication Technology to Output Growth: A Study of the G7 Countries," OECD Science, Technology and Industry Working Papers 2000/2, OECD Publishing.
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    More about this item

    Keywords

    financial crisis; monetary and fiscal strategies; Stability and Growth Pact Jel code: G0; H6;

    JEL classification:

    • G0 - Financial Economics - - General
    • H6 - Public Economics - - National Budget, Deficit, and Debt

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