MUTUAL INFLUENCE OF FISCAL AND MONETARY POLICY IN THE CONTEXT OF ENSURING MACRO-FINANCIAL STABILITY OF THE STATE

Authors

  • Petro Nikiforov Yuriy Fedkovych Chernivtsi National University
  • Roman Greshko Yuriy Fedkovych Chernivtsi National University
  • Maksym Marych Yuriy Fedkovych Chernivtsi National University
  • Nataliia Marusiak Yuriy Fedkovych Chernivtsi National University
  • Violetta Kharabara Yuriy Fedkovych Chernivtsi National University
  • Olga Gladchuk Yuriy Fedkovych Chernivtsi National University

DOI:

https://doi.org/10.15544/mts.2022.43

Keywords:

fiscal policy, monetary policy, fiscal instruments, financial relations, macro-financial stability, national economy, domestic economic system

Abstract

The article is devoted to clarifying the mutual influence of fiscal and monetary policy in the context of ensuring macro-financial stability of the state. The main objectives of financial policy functioning are considered. The research used both general scientific methods and special approaches, namely analysis and synthesis, induction and deduction, scientific abstraction, scientific generalization, graphic visualization, the combination of which made it possible to achieve the conceptual integrity of this scientific work. Its main goal is determined, which is to ensure the highest possible level of welfare of the population through the most efficient distribution of GDP between types and spheres of economic activity, territories, strata and population groups. Among the directions of financial policy, two main ones are highlighted: fiscal and monetary. The essence of macro-financial stability of the state and its dependence on financial and monetary policy, as well as their coordination and mutual coherence, are considered, based on which a model of the mutual influence of fiscal and monetary policy in the context of ensuring macro-financial stability of the state is proposed.

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Published

2022-12-30

How to Cite

Nikiforov, P. ., Greshko, R., Marych, M., Marusiak, N. ., Kharabara, V., & Gladchuk , O. (2022). MUTUAL INFLUENCE OF FISCAL AND MONETARY POLICY IN THE CONTEXT OF ENSURING MACRO-FINANCIAL STABILITY OF THE STATE . Management Theory and Studies for Rural Business and Infrastructure Development, 44(4), 435–442. https://doi.org/10.15544/mts.2022.43

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