KOORDINACE FISKÁLNÍ A MONETÁRNÍ POLITIKY SLOVENSKA PRIZMATEM TEORIE HER

• Authors: Janků Jan , Stanislav Kappel , Zuzana Kučerová

Title variants

EN

Monetary and fiscal policy coordination in Slovakia: A game theory approach

• Languages of publication: CS

Abstracts

EN

The problem of monetary and fiscal policy coordination is discussed both in countries with independent economic policies and in countries with a single currency. The aim of this article is to discuss and empirically assess the interaction of monetary and fiscal policy in Slovakia from Q1/2000 to Q2/2013, identify significant macroeconomic variables influencing the decisions of main economic-policy authorities in the analysed country and make conclusions concerning the cooperation of monetary and fiscal policies using the game theory approach. In the article, regression analysis and ordinary least squares methods are used. According to the empirical results, the conflict between monetary and fiscal policy in Slovakia is identified. The stabilizing role of fiscal policy and problematic stabilizing role of monetary policy is confirmed. It contrasts with the other states of the Visegrad group.

Keywords

EN

FISCAL POLICY; MONETARY POLICY; SLOVAKIA; GAME THEORY

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2015
• Volume: 63
• Issue: 1
• Pages: 51 – 71

Contributors

author

Janků Jan

• Vysoká škola báňská – Technická univerzita Ostrava, Ekonomická fakulta, Katedra národohospodářská, Sokolská třída 33, 701 21 Ostrava 1, Czech Republic

author

Stanislav Kappel

author

Zuzana Kučerová