Template-Type: ReDIF-Article 1.0
Author-Name: Igor Yu. Varjas
Author-Email: varjas@nifi.ru
Author-Workplace-Name: Financial Research Institute, Moscow, Russia
Title: Cyclical Conditions of Monetary Policy
Abstract: The article offers the concept of economic cycles and stages composition registration for co-ordination of fiscal and refinancing policies in dramatically changing conditions of economic development. As an example the author uses the time series of investments in capital assets; it is assumed that fiscal policy and the policy of refinancing are directed to finance the economy, but are not identical, being different in particular cyclicality. The article discusses the assumption that provided taking into account parameters of borrowing to overcome dysfunctions of the budget, fiscal policy contains a procyclicality component.
Classification-JEL:
Keywords: economic cycles, fiscal policy, monetary policy, finances, public debt
Journal: Finansovyj žhurnal — Financial Journal
Pages: 53-61
Issue: 4
Year: 2015
Month: August
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2015/4/statii/06.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:150406:p:53-61