Coordination of Fiscal and Monetary Regulation in Armenia
The aim of the study is to reveal if there is a coordination of fiscal and monetary policies in Armenia, as well as to assess its impact on economic growth in the country. Methods used: statistical analysis, logistic regressions, mathematical modeling. The authors analyzed the economic growth rates...
| Main Authors: | , |
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| Format: | Article |
| Language: | Russian |
| Published: |
Government of the Russian Federation, Financial University
2020-03-01
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| Series: | Финансы: теория и практика |
| Subjects: | |
| Online Access: | https://financetp.fa.ru/jour/article/view/957 |
| _version_ | 1797878731281268736 |
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| author | M. A. Voskanyan L. V. Paronyan |
| author_facet | M. A. Voskanyan L. V. Paronyan |
| author_sort | M. A. Voskanyan |
| collection | DOAJ |
| description | The aim of the study is to reveal if there is a coordination of fiscal and monetary policies in Armenia, as well as to assess its impact on economic growth in the country. Methods used: statistical analysis, logistic regressions, mathematical modeling. The authors analyzed the economic growth rates and annual GDP growth per capita in Armenia from 1990 to 2018. They described the model of coordination of fiscal and monetary regulation. The relationship and interdependence between the monetary and fiscal regulation mechanisms are represented by mathematical equations. Provided are the calculations for the optimal values of fiscal and monetary indicators, as well as economic indicators for Nash equilibrium. The study results showed that fiscal and monetary regulation in Armenia is ineffective; there is no coordination of regulatory mechanisms, which is detrimental to the economic growth rate. The authors conclude that it is necessary to revise approaches to monetary and fiscal policies for a greater emphasis on coordination and harmonization of macroeconomic regulation instruments to ensure sustainable economic growth in the long term. |
| first_indexed | 2024-04-10T02:37:47Z |
| format | Article |
| id | doaj.art-4fe73e8533e145a3af6ad7e20d94fa45 |
| institution | Directory Open Access Journal |
| issn | 2587-5671 2587-7089 |
| language | Russian |
| last_indexed | 2024-04-10T02:37:47Z |
| publishDate | 2020-03-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Финансы: теория и практика |
| spelling | doaj.art-4fe73e8533e145a3af6ad7e20d94fa452023-03-13T07:49:29ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892020-03-0124110511810.26794/2587-5671-2020-24-1-105-118763Coordination of Fiscal and Monetary Regulation in ArmeniaM. A. Voskanyan0L. V. Paronyan1Российско-армянский университетРоссийско-армянский университетThe aim of the study is to reveal if there is a coordination of fiscal and monetary policies in Armenia, as well as to assess its impact on economic growth in the country. Methods used: statistical analysis, logistic regressions, mathematical modeling. The authors analyzed the economic growth rates and annual GDP growth per capita in Armenia from 1990 to 2018. They described the model of coordination of fiscal and monetary regulation. The relationship and interdependence between the monetary and fiscal regulation mechanisms are represented by mathematical equations. Provided are the calculations for the optimal values of fiscal and monetary indicators, as well as economic indicators for Nash equilibrium. The study results showed that fiscal and monetary regulation in Armenia is ineffective; there is no coordination of regulatory mechanisms, which is detrimental to the economic growth rate. The authors conclude that it is necessary to revise approaches to monetary and fiscal policies for a greater emphasis on coordination and harmonization of macroeconomic regulation instruments to ensure sustainable economic growth in the long term.https://financetp.fa.ru/jour/article/view/957монетарное регулированиефискальная политикакоординация денежно-кредитной и налоговобюджетной политикфискальное регулирование |
| spellingShingle | M. A. Voskanyan L. V. Paronyan Coordination of Fiscal and Monetary Regulation in Armenia Финансы: теория и практика монетарное регулирование фискальная политика координация денежно-кредитной и налоговобюджетной политик фискальное регулирование |
| title | Coordination of Fiscal and Monetary Regulation in Armenia |
| title_full | Coordination of Fiscal and Monetary Regulation in Armenia |
| title_fullStr | Coordination of Fiscal and Monetary Regulation in Armenia |
| title_full_unstemmed | Coordination of Fiscal and Monetary Regulation in Armenia |
| title_short | Coordination of Fiscal and Monetary Regulation in Armenia |
| title_sort | coordination of fiscal and monetary regulation in armenia |
| topic | монетарное регулирование фискальная политика координация денежно-кредитной и налоговобюджетной политик фискальное регулирование |
| url | https://financetp.fa.ru/jour/article/view/957 |
| work_keys_str_mv | AT mavoskanyan coordinationoffiscalandmonetaryregulationinarmenia AT lvparonyan coordinationoffiscalandmonetaryregulationinarmenia |