ASSESSMENT OF THE EFFECTIVENESS OF FISCAL AND MONETARY LEVERS OF ECONOMIC DEVELOPMENT IN UKRAINE-Reference-Cited by-同舟云学术

ASSESSMENT OF THE EFFECTIVENESS OF FISCAL AND MONETARY LEVERS OF ECONOMIC DEVELOPMENT IN UKRAINE

Published:2022-11-29 Issue:45 Volume: Page:
ISSN:2524-0072
Container-title:Економіка та суспільство
language:
Short-container-title:Економіка та суспільство

Author:

Крючкова Наталія^ORCID,Парамонова Юліана^ORCID

Abstract

This article is devoted to topical issues of studying the operation of fiscal and monetary levers of economic development of the country, the peculiarities of their implementation in modern transformational conditions in relation to macroeconomic indicators. Monetary policy in combination with fiscal regulation instruments forms the basis of the country's stabilization policy. Monetary impulses, passing through a number of transmission channels, contribute to the achievement of the main general economic goals: sustainable economic growth, a moderate level of inflation and balance of payments. The study of existing and the search for new effective tools and forms of implementation of fiscal and monetary policy, changing the basic conditions of the functioning of the national economy of Ukraine becomes a challenge for improving the effectiveness of fiscal and monetary regulation. The main indicators for assessing the effectiveness of fiscal and monetary instruments of Ukraine are determined. The importance of monetary and fiscal instruments for macroeconomic stability is analysed, in particular by indicators: GDP, budget expenditures, tax revenues, discount rate and money supply. An economic and mathematical model for analysing the effectiveness of fiscal and monetary levers on the economic development of Ukraine is constructed. Ways to improve the effectiveness of fiscal and monetary levers of economic development in Ukraine are proposed based on the obtained main modelling results.

Publisher

Publishing House Helvetica (Publications)

Subject

General Medicine

Reference26 articles.

1. Bilyk, O. (2009), “Modernization of the economy of Ukraine in the conditions of globalization: problems and contradictions”, Visnyk Kyivskoho natsionalnoho universytetu imeni Tarasa Shevchenka. Seriia: Ekonomika, vol. 89. pp. 30–33.

2. Barannyk, L.B., Datsenko, V.V. (2017), “Fiscal tools for stimulating innovation and investment activities of enterprises”, Naukovyi pohliad: ekonomika ta upravlinnia, vol. 1(57). pp. 29–39.

3. Bidiuk, O.O. (2012), “Tax administration: international experience and Ukrainian realities”, Materialy naukovo-praktychnoho kruhloho stolu «Reformuvannia systemy splaty podatkiv ta zboriv z urakhuvanniam mizhnarodnoho dosvidu». K.: Alerta. pp. 25–29.

4. Vdovychenko, A. (2018), “How fiscal policy affects GDP and inflation in Ukraine”, Visnyk NBU, vol. 244. pp. 26–45.

5. Honcharenko, O.M., Svitlichnyi, O.S. (2017), “Stabilization of the financial and economic system of Ukraine: the latest models and development prospects”, monograph. Odesa: Atlant. 271 p.