The Dynamic Iinterrelationships Between Fiscal and Monetary Policies in Jordan
نویسندگان
چکیده
This study aims to answer the question: What is nature of relationship between fiscal and monetary policy in Jordan? Are two policies complementary each other, alternatives, or go opposite directions?. applies vector autoregression VAR, Impulse Response Function test, Granger Causality the. Variance Decomposition Analysis. The results showed that there a bidirectional causal government expenditures money supply, as well tax revenues main conclusion through use supply same direction, complement this supported by fact expansionary Jordan during period was also accompanied an policy. authority sets interest rates on loans no significant role for instruments influencing rate Jordan. recommends harmonization declared implemented Each should serve its goals with independence complementarity policies. In case, coordination means preventing extremism pursuing contractionary from authority, what required Central Bank Ministry Finance agree coordination, integration balance objectives.
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ژورنال
عنوان ژورنال: Journal of economics, finance and management studies
سال: 2021
ISSN: ['2644-0490', '2644-0504']
DOI: https://doi.org/10.47191/jefms/v4-i12-20