Modeling of interdependence between monetary and fiscal policy indicators

Pervin Akifivna Dadashova


In the article the directions are defined and the strength of interdependences of the instruments of monetary and fiscal policy is evaluated. For this purpose the statistical analysis of main indicator dynamics of monetary and fiscal sectors condition is performed. On the basis of the empirical results about common trends and turning points of the indicators, an econometric macromodel of the system of simultaneous equations is built. On the basis of the evaluated model, conclusions about existence of feedback between monetary and fiscal policy actions are made. It has given the possibility to justify the need of their agreement with the aim of ensuring efficient state economic regulation. 


monetary policy; fiscal policy; interdependence; econometrics; modeling; system of simultaneous equations

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Science Works Journal "Ekonomichnyy analiz"

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