Координация между фискалната и паричната политика в условията на Ковид-19 кризата
Fiscal and Monetary Policy Coordination during the Covid-19 Crisis

Author(s): Veniamin Todorov
Subject(s): Politics / Political Sciences, Politics, Economy, Public Finances, Fiscal Politics / Budgeting
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: fiscal policy; monetary policy; coordinated stabilization policy
Summary/Abstract: The study analyzes the interaction between fiscal and monetary policy in the context of the measures against the Covid-19 crisis. In order to do that, first, the idiosyncrasies of the economic crisis, that necessitate coordinated stabilization policy, are identified. Next, these idiosyncrasies are linked with the stabilization potential of both types of macroeconomic policy and arguments are put forward for the synergistic effect of the coordination 174 process. In the last part of the study the focus is on the USA and the EU as special attention is paid to the comparative analysis of the time coordination in the application of the budgetary and monetary policy.

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