Abstract
The interdependence of fiscal and monetary policy is well known.1 While fiscal policy determines the magnitude of the total balance of public revenue and expenditure, monetary policy determines the way financing is to be carried out. Thus, public revenue and expenditure balance; that is, public sector deficit or surplus becomes the deciding factor of interdependence between fiscal and monetary policy.
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Additional References
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© 1995 Soumitra Sharma
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Jurković, P. (1995). Constraints on Monetary Policy for Transitional Economies. In: Sharma, S. (eds) Macroeconomic Management. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24280-1_12
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DOI: https://doi.org/10.1007/978-1-349-24280-1_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-24282-5
Online ISBN: 978-1-349-24280-1
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