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  • Стратегическое взаимодействие фискальной и монетарной политики в экспортно ориентированной экономике

Article

Стратегическое взаимодействие фискальной и монетарной политики в экспортно ориентированной экономике

Деньги и кредит. 2010. № 2. С. 52-63.

This paper analyzes a stylized model of an export-oriented economy. It investigates the impact of macroeconomic policies on the dynamics of the exchange rate, inflation, output and stabilization fund and consider different forms of strategic interaction between the government and the central bank. It is shown that the effective interaction of fiscal and monetary policies is possible under Stackelberg interaction with the government as leader and under cooperation.