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Statements

Subject Item
n2:RIV%2F61989100%3A27510%2F13%3A86086841%21RIV14-MSM-27510___
rdf:type
skos:Concept n8:Vysledek
dcterms:description
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.
dcterms: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
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
skos:notation
RIV/61989100:27510/13:86086841!RIV14-MSM-27510___
n8:predkladatel
n9:orjk%3A27510
n4:aktivita
n18:S
n4:aktivity
S
n4:dodaniDat
n15:2014
n4:domaciTvurceVysledku
n17:5463351 n17:8242844
n4:druhVysledku
n11:D
n4:duvernostUdaju
n20:S
n4:entitaPredkladatele
n19:predkladatel
n4:idSjednocenehoVysledku
80645
n4:idVysledku
RIV/61989100:27510/13:86086841
n4:jazykVysledku
n7:eng
n4:klicovaSlova
Monetary Policy, Fiscal Policy, Policy Coordination, Policy Objectives, Interactions
n4:klicoveSlovo
n13:Interactions n13:Fiscal%20Policy n13:Monetary%20Policy n13:Policy%20Coordination n13:Policy%20Objectives
n4:kontrolniKodProRIV
[DDA582386083]
n4:mistoKonaniAkce
Ostrava
n4:mistoVydani
Ostrava
n4:nazevZdroje
Proceedings of the 11th International Conference Economic Policy in the European Union Member Countries : [18.-20. September 2013, Ostrava]
n4:obor
n21:AH
n4:pocetDomacichTvurcuVysledku
2
n4:pocetTvurcuVysledku
2
n4:rokUplatneniVysledku
n15:2013
n4:tvurceVysledku
Kappel, Stanislav Janků, Jan
n4:typAkce
n10:WRD
n4:zahajeniAkce
2013-09-18+02:00
s:numberOfPages
12
n14:hasPublisher
Vysoká škola báňská - Technická univerzita Ostrava
n12:isbn
978-80-248-3095-7
n16:organizacniJednotka
27510