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  • The aim of this paper is to analyze mutual interaction of monetary and fiscal policy in the countries of Visegrad group, i.e. in the Czech Republic, Slovakia, Poland and Hungary. The relationships between monetary and fiscal policy – their coordination, cooperation or mutual antagonism - are basic determinants of successful implementation for economic policy of the state. Fiscal and monetary policies usually have their main aims different and in practical economic and political decision some conflict situations may arise. Each of these types of policy has to make its decision with regard to the other one. Methodical approaches of this contribution are based on the game theory, which deals with the analysis of a wide range of decision situations with more participants (players) and it is primarily focused on the conflict situations. This game-theoretical approach is responsible for creating the theoretical model, which is then dealt with the empirical analysis. We find a distinctly stabilizing role of monetary policy and relatively problematic stabilizing role of fiscal policy in the analyzed countries. The dominant role of monetary policy is statistically confirmed in the case of the Czech Republic and Hungary.
  • The aim of this paper is to analyze mutual interaction of monetary and fiscal policy in the countries of Visegrad group, i.e. in the Czech Republic, Slovakia, Poland and Hungary. The relationships between monetary and fiscal policy – their coordination, cooperation or mutual antagonism - are basic determinants of successful implementation for economic policy of the state. Fiscal and monetary policies usually have their main aims different and in practical economic and political decision some conflict situations may arise. Each of these types of policy has to make its decision with regard to the other one. Methodical approaches of this contribution are based on the game theory, which deals with the analysis of a wide range of decision situations with more participants (players) and it is primarily focused on the conflict situations. This game-theoretical approach is responsible for creating the theoretical model, which is then dealt with the empirical analysis. We find a distinctly stabilizing role of monetary policy and relatively problematic stabilizing role of fiscal policy in the analyzed countries. The dominant role of monetary policy is statistically confirmed in the case of the Czech Republic and Hungary. (en)
Title
  • The Interaction of Monetary and Fiscal Policy in the Countries of Visegrad Group
  • The Interaction of Monetary and Fiscal Policy in the Countries of Visegrad Group (en)
skos:prefLabel
  • The Interaction of Monetary and Fiscal Policy in the Countries of Visegrad Group
  • The Interaction of Monetary and Fiscal Policy in the Countries of Visegrad Group (en)
skos:notation
  • RIV/61989100:27510/13:86086841!RIV14-MSM-27510___
http://linked.open...avai/predkladatel
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  • S
http://linked.open...vai/riv/dodaniDat
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  • 80645
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  • RIV/61989100:27510/13:86086841
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  • Monetary Policy, Fiscal Policy, Policy Coordination, Policy Objectives, Interactions (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [DDA582386083]
http://linked.open...v/mistoKonaniAkce
  • Ostrava
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  • Ostrava
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  • Proceedings of the 11th International Conference Economic Policy in the European Union Member Countries : [18.-20. September 2013, Ostrava]
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http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...UplatneniVysledku
http://linked.open...iv/tvurceVysledku
  • Janků, Jan
  • Kappel, Stanislav
http://linked.open...vavai/riv/typAkce
http://linked.open.../riv/zahajeniAkce
number of pages
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  • Vysoká škola báňská - Technická univerzita Ostrava
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  • 978-80-248-3095-7
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  • 27510
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