IDEAS home Printed from https://ideas.repec.org/a/vrs/finiqu/v18y2022i4p1-11n4.html
   My bibliography  Save this article

On separation of monetary and fiscal operations in macroeconomics statistics

Author

Listed:
  • Rybáček Václav

    (University of Economic and Management Prague, Economics Department, Czech Republic)

  • Janáček Julius

    (J. E. Purkyně University, Ústí nad Labem, Faculty of Social and Economic Studies, Czech Republic)

Abstract

The aim of the paper is to discuss one of the major topical and controversial issues in contemporary statistics, which is the separation of monetary and fiscal operations in national accounts. This issue revolves mainly around the operation of public financial institutions mandated to carry out monetary as well as fiscal transactions on behalf of governments. After discussing the methodological dimension of the point at issue, the paper numerically demonstrates the impact on final figures given the existing data constraints. Admittedly, substantial changes to the current recporting may modify the aggregates utilized in the analysis of the fiscal sustainability or the economic role of the government as such. The paper demonstrates that the statistical uncertainty about the size of the government sector is a fundamental issue. The impact on the level of government indebtedness may reach up to tens of percentage points.

Suggested Citation

  • Rybáček Václav & Janáček Julius, 2022. "On separation of monetary and fiscal operations in macroeconomics statistics," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 18(4), pages 1-11, December.
    • Handle: RePEc:vrs:finiqu:v:18:y:2022:i:4:p:1-11:n:4
    DOI: 10.2478/fiqf-2022-0023
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/fiqf-2022-0023
    Download Restriction: no
    File URL: https://libkey.io/10.2478/fiqf-2022-0023?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    fiscal policy; monetary policy; macroeconomic statistic;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:finiqu:v:18:y:2022:i:4:p:1-11:n:4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.