منابع مشابه
Fiscal versus Monetary Dominance: Evidence from Iran
In this paper, we dealt with fiscal dominance, which is a situation in which the fiscal authority sets its expenditure and taxes without regard to any requirement of intertemporal budget balance. Therefore, the monetary authority must adjust its policies to ensure that the government budget is in balance. The existence of oil revenues for the government on the one hand and its lack of access to...
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This paper asks whether an aggressive monetary policy response to inflation is feasible in countries that suffer from fiscal dominance, as long as monetary policy also responds to fiscal variables. We find that if nominal interest rates are allowed to respond to government debt, even aggressive rules that satisfy the Taylor principle can produce unique equilibria. But following such rules resul...
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Nigeria as a nation operates a federal structure of government, federalism refers the existence in one country of more than one level of government, each with different expenditure responsibilities and taxing powers. The major aim of this study is to asses the impact of revenue allocation on economic growth in Nigeria. Secondary data employed in this study were assembled from CBN statistics, Na...
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ran's economy still has a two-digit inflation rate with high fluctuations, which is mainly caused by fiscal dominance. According to the relevant literature, the most important fiscal dominance mechanism is borrowing from the central bank. After prohibiting direct borrowing from the Central Bank by Iran's government, the budget deficits are partially addressed by off-budgeting operations, achiev...
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Fiscal policies are one of the most important policies that are used in the field of demand management. Implementing fiscal policies is one of the most important policy-making tools to achieve macroeconomic goals such as Distribution Fair Income, Increasing Rate Growth Economic And Employment And Stabilizing Price. Since economic policies have a significant impact on financial mark...
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ژورنال
عنوان ژورنال: Journal of Sustainable Development
سال: 2016
ISSN: 1913-9071,1913-9063
DOI: 10.5539/jsd.v9n1p125