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Dylematy koordynacji polityki pieniężnej i fiskalnej

100%

Jakóbik W.

Gospodarka Narodowa. The Polish Journal of Economics

2006

vol. 205

issue 1-2

1-17

Monetary and fiscal coordination is extensively discussed in economic publications. The debate involves both mainstream and institutional economics as well as political sciences. The article contributes to this debate. It reviews theoretical positions adopted in mainstream economics and examines various aspects of the macroeconomic policy mix. The author selectively presents policy mix experiences in select regions of the world, specifically the European Monetary Union, the United States and Great Britain. The article confronts some theoretical studies with practice and points to the weaknesses of empirical testing based on econometric methods. The author applies a historic/comparative method characteristic of qualitative research. The results of the analysis show that, unlike in Great Britain, monetary and fiscal coordination is missing in the euro zone and the United States. This is largely due to the equal status of the government and the central bank. Reviewing the methodological aspect of the problem, the author concludes that the empirical testing of models for the coordination of government and central-bank decisions should be supported with a comparative historical analysis.

Polityka gospodarcza w modelu cen i kursu walutowego

63%

Wdowiński P.

Przegląd Statystyczny

2010

vol. 57

issue 4

27-38

This paper presents a two-sector model of prices and exchange rate, belonging to the mainstream of mathematical economics. The model operates under floating exchange rate regime. The model is given in the system form of two first order differential equations with respect to prices of tradables and non-tradables. Using the model we show the main transmission channels of economic policy – monetary, fiscal and wage – on prices and real exchange rate in terms of production divided into tradables and non-tradables goods.

W artykule przedstawiono dwusektorowy model cen i kursu walutowego, należący do nurtu ekonomii matematycznej, funkcjonujący w warunkach reżimu kursu zmiennego. Model zapisano w postaci układu dwóch równań różniczkowych pierwszego rzędu względem cen towarów handlowych i niehandlowych. Za pomocą modelu pokazano główne kanały transmisji polityki gospodarczej – pieniężnej, fiskalnej i płacowej – na ceny i realny kurs walutowy w warunkach podziału produkcji na towary handlowe i niehandlowe.

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1 Gospodarka Narodowa. The Polish Journal of Economics

1 Przegląd Statystyczny

1 Jakóbik W.

1 Wdowiński P.

1 2010

1 2006

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Dylematy koordynacji polityki pieniężnej i fiskalnej

Polityka gospodarcza w modelu cen i kursu walutowego