ANTI-CYCLICAL FISCAL REGULATION OF THE WORLDWIDE COUNTRIES’ ECONOMIES – OPPORTUNITIES FOR UKRAINE

Oksana DESYATNYUK, Taras MARSHALOK

Анотація


The state fiscal policy and its instruments are the main means of economic fluctuations management and they occupy a leading place in the system of the state anti-cyclical regulation of the economy. Special theoretical and methodological aspects of the fiscal policy and analysis of its influence on the course of the economic cycle were well-reasoned on the ground of a large number of scientific publications. However, it is relevant to research into this problem using the pragmatic approach, which will allow to obtain qualitative scientific results and make the necessary conclusions. In particular, the analysis of fiscal processes in the countries with different economic development and social standards will allow to distinguish the strengths and weaknesses of the opposing patterns of fiscal policy models and types and will determine the impact of such policies on economic growth and overcoming the economic crises in these countries.

JEL: E62.

 


Ключові слова


Anti-cyclical economic regulation; fiscal policy; socially-oriented fiscal policy; liberal fiscal policy; discretionary and non-discriminatory fiscal instrument; GDP; government deft; Government revenues; government expenditures.

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DOI: https://doi.org/10.35774/jee2019.02.245

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