The Interaction of Monetary and Fiscal Policy in the Visegrad Group Countries
Bibliographic Data
| ID | 6109657 |
|---|---|
| Authors | Jan Janků (0000-0002-4112-4611, Institute of Technology and Business), Stanislav Kappel (Institute of Technology and Business), Zuzana Kučerová (0000-0002-7080-5715, Institute of Technology and Business) |
| Year | 2014 |
| Volume | 62 |
| Issue | 4 |
| Pages | 459-479 |
| Publication date | 2014-08-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Politická ekonomie (JOURNAL) |
| Journal identifiers | ISSN: 0032-3233 • E-ISSN: 2336-8225 |
| Publisher | Prague University of Economics and Business (PUBLISHER • CZ) |
| DOI | 10.18267/j.polek.964 |
| OpenAlex | W850158322 |
| Language | EN |
| Citations received | 1 |
| References cited | 13 |
The aim of this article is to estimate the mutual interaction of monetary and fiscal policy in the Visegrad Group countries, i.e. in the Czech Republic, Slovakia, Poland, and Hungary. The relations between monetary and fiscal policy - its coordination, cooperation or mutual antagonism - are basic determinants of successful economic policy implementation of each country. Fiscal and monetary policies usually have different aims. Therefore, some conflict situations may arise in practical economic and political decision-making process. Methodical approaches of this article are based on the game theory, which deals with the analysis of a wide range of decision-making situations with more participants (players); it is primarily focused on the conflict situations. Our results confirm the stabilizing role of monetary policy in the Czech Republic, Poland, and Hungary, also the dominant role of monetary policy in the Czech Republic and the dominant role of fiscal policy in Hungary. In the case of Slovakia, inconsistent results concerning the monetary policy role are probably caused by its EMR II membership and Eurozone entry in 2009
Czech · Economic policy · Economic system · Economics · Fiscal policy · Fiscal union · Macroeconomics · Monetary economics · Monetary hegemony · Monetary policy · Political science · Politics · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
| Citations per year | 0.09 |
|---|---|
| Citation span | 2015 - 2015 (1) |
| Highly cited | No |