UTILIZING THE OPTIMAL LEVEL OF PUBLIC DEBT IN COORDINATING FISCAL AND MONETARY POLICIES IN UZBEKISTAN
Abstract
The article highlights the issues of establishing the optimal level of public debt in Uzbekistan, exploring the relationship and coordination between fiscal and monetary policies. Various economic models and indicators are considered, including the inflation rate, unemployment rate, GDP per capita and interest rates. The potential consequences of an excessive increase in public debt are identified, including the risk of default and economic instability.
Keywords:
public debt fiscal policy monetary policy optimal debt level economic modelReferences
Chohan, U. W. (2016). Independent Fiscal Institutions at the Supranational Level: The European Fiscal Board. Available at SSRN 2883550.
Fuller, W. A. (2009). Introduction to statistical time series (Vol. 428). John Wiley & Sons.
Khan, M.S. and Senhadji, A. S. (2001). Threshold effects in the relationship between inflation and growth. IMF Staff papers, 48(1), 1-21.
Omotosho, Babatunde S.; Bawa, Sani; Doguwa, Sani I. (2016). Determining the optimal public debt Threshold for Nigeria. CBN Journal of Applied Statistics, 7(2), 1-25.
Pienkowski, A. (2017). Debt limits and the structure of public debt. Journal of Globalization and Development, 8(2).
Romer, David (2018). Advanced Macroeconomics. McGraw-Hill Economics. New York, NY: McGraw-Hill Education. pp. 662–672. ISBN 1260185214.
Қонун (2022) Ўзбекистон Республикасининг «2023 йил учун Ўзбекистон Республикасининг Давлат бюджети тўғрисида»ги Қонуни, ЎРҚ-813-сон 30.12.2022, www.lex.uz.
Downloads
Published
How to Cite
Issue
Section
License

This work is licensed under a Creative Commons Attribution 4.0 International License.