Macroeconomic stabilization depends on the strategic interplay between the fiscal and monetary authorities operating under distinct mandates. This study evaluates these interactions across the Visegrad Group (Hungary, Czechia, Poland, and Slovakia) o...
This article examines how the volatile oil price affected Saudi Arabia’s and the other GCC countries’ fiscal policy dynamics from 2000 and 2024. The region’s fiscal systems are vulnerable to external shocks due to their substantial...
This paper investigates the macroeconomic determinants of Romania’s budget deficit over the post-EU accession period, drawing on quarterly data from Q1 2007 to Q2 2025. Using an Autoregressive Distributed Lag (ARDL) model, we identify both shor...
We analyze the conditions for public debt-to-GDP ratio stability extending the Domar’s approach by including the interaction between the government’s reaction function and the private sector’s reaction function, and considering the...
This study examines public debt sustainability in the Eurozone by estimating fiscal reaction functions that assess how fiscal balances respond to rising public debt under heterogeneous macroeconomic conditions. Using annual panel data for 20 EU count...
The interplay between fiscal and monetary policy is critical for small open economies exposed to global volatility, yet the regime-dependent nature of this transmission often remains underexplored. This study investigates whether the Hungarian econom...
Although coordinating fiscal and monetary policy is essential for stabilizing small and globally exposed economies, researchers frequently oversimplify by treating the Visegrad Group (V4) as a uniform entity. This study investigates whether the Czech...
The purpose of this study is to examine the monetary policy transmission mechanisms in seven South Asian Association for Regional Cooperation (SAARC) countries to discover the viability of the convergence of the SAARC into a monetary and economic uni...
The overarching vision of Society 5.0 seeks to integrate technology to enhance quality of life and address social issues, with the primary goal of creating human-centered communities, which nowadays represent the inhabitants of smart cities. In this...