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The role of the state monetary policy in the post-conflict economic recovery

Authors :
S.I. Bulchak
Source :
Економіка, управління та адміністрування, Vol 1, Iss 103, Pp 135-142 (2023)
Publication Year :
2023
Publisher :
Zhytomyr Polytechnic State University, 2023.

Abstract

Introduction. This paper studies the role of the monetary policy in the economy of the state, as one of the main instruments to support it’s financial potential, both at the period of military conflict as well as in the period of recovery after it. Methodological bases are general and special methods of scientific research, including synthesis, analysis, modeling, comparison, etc. The main information sources were the resources of World Bank Open Data, the data of National Bank of Ukraine and state statistics service of Ukraine. Purpose. The main purpose of this paper is to study and analyse macroeconomic methods and instruments, which were used by different countries in the post-conflict recovery period and theoretical implementation of using these instruments in Ukrainian reality. Results: The strategy of synchronizing the actions of the central bank and the government must be adjusted according to the peculiarities of post-conflict economic recovery of each country separately. The studies of macroeconomic indicators of countries, that successfully overcame the consequences of military actions show the main role of the central bank in stimulating economic growth of the country. Conclusions: To further solve the problem of post-conflict recovery of state's economy, the perspective direction would be to build effective strategies of cooperation for the institutes, that perform monetary and fiscal policies, that would have a direct impact on the effectiveness of economic growth and the development of national security of the country.

Details

Language :
English, Polish, Russian, Ukrainian
ISSN :
2664245X and 26642468
Volume :
1
Issue :
103
Database :
Directory of Open Access Journals
Journal :
Економіка, управління та адміністрування
Publication Type :
Academic Journal
Accession number :
edsdoj.240c60363e9046e0844f2bc0ab8b28ca
Document Type :
article
Full Text :
https://doi.org/10.26642/ema-2023-1(103)-135-142