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COLOMBO, July 14 (Xinhua) -- Sri Lanka State Minister of Finance Ranjith Siyambalapitiya said on Friday that the country has recorded a primary surplus of 53 bi
KARACHI: Based on initial analysis, the Federal Budget FY24 announced by the Finance Minister Ishaq Dar on Friday is...
The topic of coordination between monetary and fiscal policy has become the focus of policy discussion in recent years (Draghi 2014, Lagarde 2020, Schnabel 2021). One reason is that there is limited space for traditional monetary policy based on steering the short-term interest rate when the latter is at (or close to) the effective lower bound (ELB). Many recent papers have advocated mechanisms to implement a coherent a monetary-fiscal policy mix (see, for example, the policy report by Barsch et al. 2021). Empirically, there is limited knowledge about how the combination of monetary and fisca...