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Statements

Subject Item

n2:RIV%2F61989100%3A27510%2F14%3A86090732%21RIV15-MSM-27510___

rdf:type

n8:Vysledek skos:Concept

dcterms:description

The aim of this paper is to evaluate mutual interaction of monetary and fiscal policies in the countries of the Visegrad group, i.e. in the Czech Republic, Slovakia, Poland and Hungary. The relationship of 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 different aims, and some conflict situations may arise in practical economic and political decision - making. Each 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 in 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 evaluate mutual interaction of monetary and fiscal policies in the countries of the Visegrad group, i.e. in the Czech Republic, Slovakia, Poland and Hungary. The relationship of 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 different aims, and some conflict situations may arise in practical economic and political decision - making. Each 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 in 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

Integration of Monetary and Fiscal Policy of the Countries of the Visegrad Group Integration of Monetary and Fiscal Policy of the Countries of the Visegrad Group

skos:prefLabel

Integration of Monetary and Fiscal Policy of the Countries of the Visegrad Group Integration of Monetary and Fiscal Policy of the Countries of the Visegrad Group

skos:notation

RIV/61989100:27510/14:86090732!RIV15-MSM-27510___

n4:aktivita

n7:S

n4:aktivity

S

n4:cisloPeriodika

3

n4:dodaniDat

n6:2015

n4:domaciTvurceVysledku

n11:5463351 n11:8242844

n4:druhVysledku

n9:J

n4:duvernostUdaju

n13:S

n4:entitaPredkladatele

n16:predkladatel

n4:idSjednocenehoVysledku

22185

n4:idVysledku

RIV/61989100:27510/14:86090732

n4:jazykVysledku

n5:eng

n4:klicovaSlova

Fiscal Policy, Interactions, Monetary Policy, Policy Coordination, Policy Objectives

n4:klicoveSlovo

n10:Policy%20Coordination n10:Policy%20Objectives n10:Fiscal%20Policy n10:Monetary%20Policy n10:Interactions

n4:kodStatuVydavatele

PL - Polská republika

n4:kontrolniKodProRIV

[A626DD1B02D3]

n4:nazevZdroje

Review of Economic Perspectives

n4:obor

n14:AH

n4:pocetDomacichTvurcuVysledku

2

n4:pocetTvurcuVysledku

2

n4:rokUplatneniVysledku

n6:2014

n4:svazekPeriodika

2014

n4:tvurceVysledku

Kappel, Stanislav Janků, Jan

s:issn

1804-1663

s:numberOfPages

17

n17:organizacniJednotka

27510