fundamentals of coordination of monetary and fiscal policies to ensure the growth of the russian economy
https://doi.org/10.26794/1999-849X-2024-17-1-23-33
Abstract
The subject of the study is monetary and fiscal policy, which are one of the basic tools for regulating economic processes in the Russian economic system, the coordination of which is an essential factor in the success of ensuring the overall effects of economic policy. The purpose of the work is to establish effective measures to respond to emerging shocks in the context of current sanctions pressure from Western countries without mutually neutralizing one type of government policy with the tools of another policy. This article examines the main instruments of the state’s economic policy from the perspective of their mutual influence and interaction in order to achieve positive results for the economic system. The essence of the tax mechanism has been established. In terms of budget policy, the mechanism of subsidizing enterprises is justified. The concept of a budget rule is defined. The goals and objectives of monetary policy are highlighted. It is concluded that since simultaneous indirect influence on macroeconomic processes is carried out through the instrumentsof the monetary policy of the central bank and the instruments of the fiscal policy of the Government, there is a problem of mutual influence of the adopted fiscal and monetary measures in terms of neutralizing or reinforcing each other effects that can have a negative impact on the achievement of The ultimate goal of both directions of economic policy s to ensure conditions for sustainable economic growth.
About the Authors
N. N. Parasotskaya
Russian State Social University
Russian Federation
Russian Federation
Natalia N. Parasotskaya — Cand. Sci. (Econ.), Assoc. Prof. of the Department of Economics, Finance and Capital,
N. D. Yakovlev
Financial University
Russian Federation
Russian Federation
Nikita D. Yakovlev — Junior research assistant
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Review
For citations:
Parasotskaya N.N., Yakovlev N.D. fundamentals of coordination of monetary and fiscal policies to ensure the growth of the russian economy. Economics, taxes & law. 2024;17(1):23-33. (In Russ.) https://doi.org/10.26794/1999-849X-2024-17-1-23-33
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