Fiscal and monetary policy coordination boosts economic growth and stability
The article explores how coordinating government financial policies can help boost economic growth. The researchers used various methods to study how fiscal and monetary policies can work together effectively. They found that aligning these policies can lead to sustainable economic growth and stability. By focusing on social welfare and long-term stability, the government can enhance business activity and improve the economy's competitiveness. Establishing a system to evaluate the coordination of fiscal and monetary policies can help guide effective financial regulations during different economic stages.