<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The article is devoted to clarifying the mutual influence of fiscal and monetary policy in the context of ensuring macro-financial stability of the state. The main objectives of financial policy functioning are considered. The research used both general scientific methods and special approaches, namely analysis and synthesis, induction and deduction, scientific abstraction, scientific generalization, graphic visualization, the combination of which made it possible to achieve the conceptual integrity of this scientific work. Its main goal is determined, which is to ensure the highest possible level of welfare of the population through the most efficient distribution of GDP between types and spheres of economic activity, territories, strata and population groups. Among the directions of financial policy, two main ones are highlighted: fiscal and monetary. The essence of macro-financial stability of the state and its dependence on financial and monetary policy, as well as their coordination and mutual coherence, are considered, based on which a model of the mutual influence of fiscal and monetary policy in the context of ensuring macro-financial stability of the state is proposed.</p>
</abstract>

The article is devoted to clarifying the mutual influence of fiscal and monetary policy in the context of ensuring macro-financial stability of the state. The main objectives of financial policy functioning are considered. The research used both general scientific methods and special approaches, namely analysis and synthesis, induction and deduction, scientific abstraction, scientific generalization, graphic visualization, the combination of which made it possible to achieve the conceptual integrity of this scientific work. Its main goal is determined, which is to ensure the highest possible level of welfare of the population through the most efficient distribution of GDP between types and spheres of economic activity, territories, strata and population groups. Among the directions of financial policy, two main ones are highlighted: fiscal and monetary. The essence of macro-financial stability of the state and its dependence on financial and monetary policy, as well as their coordination and mutual coherence, are considered, based on which a model of the mutual influence of fiscal and monetary policy in the context of ensuring macro-financial stability of the state is proposed.

Mutual Influence of Fiscal and Monetary Policy in the Context of Ensuring Macro-Financial Stability of the State

Dr. Sc., Prof., Yuriy Fedkovych Chernivtsi National University

PhD, Assoc., Prof., Yuriy Fedkovych Chernivtsi National University

Management Theory and Studies for Rural Business and Infrastructure Development

This work is licensed under the Creative Commons Attribution 4.0 International License.

The article is devoted to clarifying the mutual influence of fiscal and monetary policy in the context of ensuring macro-financial stability of the state. The...

Mutual Influence of Fiscal and Monetary Policy in the Context of Ensuring Macro-Financial Stability of the State

Published Online: Jan 17, 2023

Page range: 435 - 442

Received: Oct 07, 2022

Accepted: Nov 10, 2022

DOI: https://doi.org/10.15544/mts.2022.43

Keywords
fiscal policy, monetary policy, fiscal instruments, financial relations, macro-financial stability, national economy, domestic economic system

© 2022 Petro Nikiforov et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Mutual Influence of Fiscal and Monetary Policy in the Context of Ensuring Macro-Financial Stability of the State

Published Online: Jan 17, 2023

Page range: 435 - 442

Received: Oct 07, 2022

Accepted: Nov 10, 2022

DOI: https://doi.org/10.15544/mts.2022.43

Keywordsfiscal policy, monetary policy, fiscal instruments, financial relations, macro-financial stability, national economy, domestic economic system

© 2022 Petro Nikiforov et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
fiscal policy, monetary policy, fiscal instruments, financial relations, macro-financial stability, national economy, domestic economic system