FEATURES OF USING TOOLS OF DISCRETIONAL AND NON-DISCRETIONAL FISCAL POLICY IN THE CONDITIONS OF ECONOMIC CYCLE
Journal Title: Сталий розвиток економіки - Year 2018, Vol 38, Issue 1
Abstract
Purpose. The aim of the article is to investigate thoroughly, analyze and propose their own point of view on the problem of the dependence of economic cycles and fiscal policy, the choice of a model of fiscal behavior in the coming of a particular phase of such cycle, to identify the dependence of the economic cycle on fiscal doctrine, to determine and prove the relationship between economic recessions and the unwatched and unwarranted policy of the government in fiscal policy. Methodology of research. General scientific and special methods are used during the research, in particular: monographic – when reviewing literary sources on the subject of research; generalization of information and literary sources – to study the experience of determining the phases of the economic cycle; expert and logical – when choosing a model of fiscal policy at certain stages of economic development; system and analytical – in the critical analysis of fiscal policy in the conditions of those or other economic imbalances. Findings. The author proposes his own point of view on the problem of dependence of economic cycles and fiscal policy. The problems of using one or another model of fiscal policy in different phases of the economic cycle are singled out. It was found that automatic (embedded) stabilizers of non-dispersed fiscal policy react instantly to economic changes, effectively reducing the level of overheating of the economy at once. It has been established that economic fluctuations over long periods of time need to be corrected with the help of effective manual instruments of discretionary fiscal policy, but such actions must be justified and not be influenced by discrediting actions of other countries. Scientific novelty. The dependence of the economic cycle on the fiscal doctrine has been revealed, the fact of dependence between economic downturns and the unbalanced and unwarranted government policy in the field of fiscal policy. Practical value. The obtained research results are the basis for effective management of economic processes through the prism of the fiscal policy of the state.
Authors and Affiliations
Taras Marshalok
Keywords
Related Articles
- EP ID EP541181
- DOI -
- Views 101
- Downloads 0
ACCOUNTING RENT AND RIGHTS OF LAND USE
Purpose. The aim of the article is to study the current practice of accounting for leased land plots and rights to use land plots, as well as developing proposals for improving the analytical accounting of these objects...
ALGORITHM FOR DETERMINING OF THE USEFUL LIFE OF FIXED ASSETS
Purpose is study of existing methodology for determining of the term usefulness of fixed assets, establish its flaws and searching for ways to improve in order to create conditions for a full realization of reproductive...
STRUCTURING CATEGORY «CUSTOMS»: EUROPEAN PRACTICE AND DOMESTIC EXPERIENCE
Purpose. The research of approaches to the interpretation of the category "customs" in accordance with the norms of domestic and European legislation in the context of structuring such components as customs activities, c...
FOREIGN EXPERIENCE OF FINANCING AND CREDITING OF AGRICULTURE
Purpose. The aim of the article is the generalization of international experience on the formation mechanism and financing of reproduction processes in agriculture and substantiation of areas of its implementation in dom...
TAX ON THE WITHDRAWN CAPITAL AS THE ALTERNATIVE OF INCOME TAX
Purpose is to consider alternatives to the corporate income tax and the rationale for its transformation into a tax on the withdrawn capital. Methodology of research. The method of theoretical generalization and the comp...