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Fiscal and Monetary Policy Interaction

Sergey Pekarski

ISBN 10: 3639163281 / ISBN 13: 9783639163285
Published by VDM Verlag
New Condition: New Soft cover
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176 pages. Dimensions: 8.7in. x 5.9in. x 0.4in.The government and the central bank are interconnected by a consolidated public sector budget constraint: the operational deficit of the budget is financed by new borrowings and by seigniorage. This means that, even given the central banks formal independence of the government, the former must nevertheless take into account problems in the fiscal sphere. Thus one of the fundamental problems in the analysis of macroeconomic policy is that of the interaction between the government and the central bank in conducting fiscal and monetary policies. The thesis continues this line of inquiry. It attempts to elucidate the most general problems which may in principle arise in describing the logic of this interaction. Various results pertain to the problems of macroeconomic policy in developed countries and in economies with undeveloped financial markets This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9783639163285

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Bibliographic Details

Title: Fiscal and Monetary Policy Interaction

Publisher: VDM Verlag

Binding: Paperback

Book Condition:New

Book Type: Paperback

About this title

Synopsis:

The government and the central bank are interconnected by a consolidated public sector budget constraint: the operational deficit of the budget is financed by new borrowings and by seigniorage. This means that, even given the central bank┐s formal independence of the government, the former must nevertheless take into account problems in the fiscal sphere. Thus one of the fundamental problems in the analysis of macroeconomic policy is that of the interaction between the government and the central bank in conducting fiscal and monetary policies. The thesis continues this line of inquiry. It attempts to elucidate the most general problems which may in principle arise in describing the logic of this interaction. Various results pertain to the problems of macroeconomic policy in developed countries and in economies with undeveloped financial markets

About the Author:

Sergey Pekarski (1975) obtained his PhD in Economics at Erasmus University Rotterdam in 2007. He is vice director of the Laboratory for Macroeconomic Analysis and senior fellow of the Centre for Advanced Studies at the State University - Higher School of Economics, Moscow. His research interests focus mainly on fiscal and monetary policy

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