• Business
  • Published 2003

Monetary and Fiscal Policy Coordination

  title={Monetary and Fiscal Policy Coordination},
  author={Muhammad Nadim Hanif and Muhammad Farooq Arby},
Macroeconomic policies are meant to achieve non-inflationary, stable growth. There are two major groups of policy instruments to achieve the purpose; one is related to monetary conditions and the other to fiscal conditions. Monetary instruments are employed by the central bank and fiscal instruments are employed by ministry of finance. The objectives and implications of policy measures taken by the two institutions often conflict with each other and thus call for policy coordination for… CONTINUE READING