Macroeconomics Commons^™

Coordination Of Monetary And Fiscal Policies: The Case Of Egypt, Sahar M. Abdel-Haleim

Business Administration

Coordination is defined as the necessary arrangements that assure that the decisions taken by monetary and fiscal authorities are not contradictory. The need for effective coordination of policies becomes pressing with the increasing independence of both authorities to implement their objectives. The purpose of the paper is to investigate the extent of coordination between monetary and fiscal policies in Egypt over the period (1974-2015). Quantifying the extent of coordination depends on the appropriate policy mix that responds effectively to different shocks. The results confirm that coordination of policies was absent or weak during most of the period under study, while …