Solving Fiscal Problems through Monetary Policy Mechanisms: Case of Armenia
The problem of fiscal dominance tends to be most pronounced in emerging markets. The research subject is the monetary policy of the Central Bank of the Republic of Armenia and its participation in solving fiscal problems. The aim of the article is to analyze and assess fiscal dominance in the macroe...
| Main Authors: | , |
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| Format: | Article |
| Language: | Russian |
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Government of the Russian Federation, Financial University
2020-12-01
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| Series: | Финансы: теория и практика |
| Subjects: | |
| Online Access: | https://financetp.fa.ru/jour/article/view/1092 |
| _version_ | 1797878708531363840 |
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| author | M. A. Voskanyan I. V. Paronyan |
| author_facet | M. A. Voskanyan I. V. Paronyan |
| author_sort | M. A. Voskanyan |
| collection | DOAJ |
| description | The problem of fiscal dominance tends to be most pronounced in emerging markets. The research subject is the monetary policy of the Central Bank of the Republic of Armenia and its participation in solving fiscal problems. The aim of the article is to analyze and assess fiscal dominance in the macroeconomic regulation of Armenia. The methodological basis of the study is a review of theoretical and practical models of fiscal dominance known in the scientific literature, as well as applying the most optimal models to the Armenian economy. The authors conclude that the tasks of fiscal policy are the priority of macroeconomic management, and monetary policy aims to solve fiscal problems. |
| first_indexed | 2024-04-10T02:36:25Z |
| format | Article |
| id | doaj.art-05ae9269dc0245aea24d1423bd63c41e |
| institution | Directory Open Access Journal |
| issn | 2587-5671 2587-7089 |
| language | Russian |
| last_indexed | 2024-04-10T02:36:25Z |
| publishDate | 2020-12-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Финансы: теория и практика |
| spelling | doaj.art-05ae9269dc0245aea24d1423bd63c41e2023-03-13T07:49:30ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892020-12-01246618110.26794/2587-5671-2020-24-6-61-81815Solving Fiscal Problems through Monetary Policy Mechanisms: Case of ArmeniaM. A. Voskanyan0I. V. Paronyan1Российско-армянский университетРоссийско-армянский университетThe problem of fiscal dominance tends to be most pronounced in emerging markets. The research subject is the monetary policy of the Central Bank of the Republic of Armenia and its participation in solving fiscal problems. The aim of the article is to analyze and assess fiscal dominance in the macroeconomic regulation of Armenia. The methodological basis of the study is a review of theoretical and practical models of fiscal dominance known in the scientific literature, as well as applying the most optimal models to the Armenian economy. The authors conclude that the tasks of fiscal policy are the priority of macroeconomic management, and monetary policy aims to solve fiscal problems.https://financetp.fa.ru/jour/article/view/1092монетарное регулированиевалютная политикаинфляцияналогово-бюджетная политикафискальное доминирование |
| spellingShingle | M. A. Voskanyan I. V. Paronyan Solving Fiscal Problems through Monetary Policy Mechanisms: Case of Armenia Финансы: теория и практика монетарное регулирование валютная политика инфляция налогово-бюджетная политика фискальное доминирование |
| title | Solving Fiscal Problems through Monetary Policy Mechanisms: Case of Armenia |
| title_full | Solving Fiscal Problems through Monetary Policy Mechanisms: Case of Armenia |
| title_fullStr | Solving Fiscal Problems through Monetary Policy Mechanisms: Case of Armenia |
| title_full_unstemmed | Solving Fiscal Problems through Monetary Policy Mechanisms: Case of Armenia |
| title_short | Solving Fiscal Problems through Monetary Policy Mechanisms: Case of Armenia |
| title_sort | solving fiscal problems through monetary policy mechanisms case of armenia |
| topic | монетарное регулирование валютная политика инфляция налогово-бюджетная политика фискальное доминирование |
| url | https://financetp.fa.ru/jour/article/view/1092 |
| work_keys_str_mv | AT mavoskanyan solvingfiscalproblemsthroughmonetarypolicymechanismscaseofarmenia AT ivparonyan solvingfiscalproblemsthroughmonetarypolicymechanismscaseofarmenia |