The transmission of fiscal policy

The failure of inflation targeting regimes in several emerging economies has received renewed interest among academics and policymakers alike. This ineffectiveness can be attributed to worsening fiscal positions in the aftermath of the Global Financial Crisis, which sheds light on the importance of coordinating fiscal policy and monetary policy to achieve price stability. This thesis, therefore, aims to investigate the effects of fiscal policy on the different transmission channels of monetary policy, which ultimately results in high inflation.

191p runthenight04 02-02-2023 5 3   Download

The thesis examines the fiscal policy transmission from the trading partners to Vietnam - a small economy, still heavily dependent on agricultural advantages and less resistant to external shocks. The thesis will in turn explore whether or not the spread of fiscal policy from countries with trade relations to Vietnam and the change in the spread characteristics from different countries to the Vietnamese economy.

12p trinhthamhodang8 20-10-2020 29 2   Download