The new monetary policy and fiscal policy implications

Authors

  • Gumersindo Ruiz
  • Belen de la Torre
  • Vanesa Moral

DOI:

https://doi.org/10.7203/IREP.1.1.16457

Abstract

In a previous paper (Ruiz, 2017) we developed the relationships between monetary and fiscal policies as they are currently determined by the monetary policies of central banks. These policies have become really consistent not only in theory but also in practice, and we could speak of a theory of monetary policy, which established the foundations on which the probable effects of the policies could happen. Meanwhile, it seems appropriate to identify what are the new monetary policy tools; the mechanism of transmission to credit and prices, as effects that conventional theory expects from this policy; and its fiscal policy implications, when a monetary intervention in the public debt is consolidated. For this we have built a set of graphics that respond to each of the elements that shape the new monetary policy.

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Published

2020-01-13

How to Cite

Ruiz, G., de la Torre, B., & Moral, V. (2020). The new monetary policy and fiscal policy implications. International Review of Economic Policy-Revista Internacional De Política Económica, 1(1), 48–71. https://doi.org/10.7203/IREP.1.1.16457
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Issue

Vol. 1 No. 1 (2019)

Section

Articles

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