Exchange Rate Dynamics and Fiscal Policy in an Era of Polycrisis: Inflation, Geopolitical Risks, and Global Uncertainty
A special issue of Economies (ISSN 2227-7099). This special issue belongs to the section "Macroeconomics, Monetary Economics, and Financial Markets".
Deadline for manuscript submissions: 31 October 2026
Special Issue Editors
2. “Victor Slăvescu” Centre for Financial and Monetary Research, Calea 13 Septembrie, 050711 Bucharest, Romania
Interests: macroeconomics; banking; fiscal policy; financial markets
Special Issues, Collections and Topics in MDPI journals
Special Issue Information
Dear Colleagues,
Following the COVID-19 pandemic, many economies faced a series of shocks. Energy prices surged, inflation reached levels not seen in decades, and geopolitical tensions, including armed conflicts, created additional strain. These concurrent shocks have intensified exchange rate volatility and exposed the limitations of conventional macroeconomic frameworks. Today, the economic landscape is markedly different: interest rates are higher, inflation remains persistent, uncertainty is widespread, and public finances are more vulnerable.
Against this background, this Special Issue proposes to explore how exchange rates and fiscal policies react during these overlapping global crises. We welcome contributions on a broad range of topics, including the exchange rate dynamics, impact of inflation shocks, asymmetries, fiscal policy, geopolitical risk, and sovereign debt challenges on macroeconomic stability. Submissions may include theoretical work, empirical analyses, or policy-focused studies, in advanced and emerging economies.
The goal of this Special Issue is to provide insights into how policymakers can navigate multiple, simultaneous pressures while maintaining economic stability and supporting sustainable economic growth. While previous studies have examined exchange rate dynamics and fiscal policy under individual crises, this Special Issue highlights how these interactions play out in a context of overlapping global shocks and heightened uncertainty.
Dr. Bogdan Andrei Dumitrescu
Dr. Catalin Gheorghe
Guest Editors
Manuscript Submission Information
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Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
Keywords
- exchange rate dynamics
- fiscal policy
- inflation shocks
- economic uncertainty
- geopolitical risk
- sovereign debt sustainability
- monetary policy
- international finance
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