Abstract

The article discusses the most common methods for evaluating the effectiveness of fiscal policy. The attention on the need to choose the method based on the available current economic situation in the country. Emphasized that the use of methods of evaluating the effectiveness of fiscal policy may vary depending on the goals and objectives of the government of the country to perform at any stage of the economic system of the state. The proposed criterion scientists approaches discussed in this paper are not systematic, indicators are not defined thresholds and no method provided a separate agreement between the methods specified criteria. The use of scenario modeling and cluster analysis are seen most acceptable methods to analyze effectiveness of implemented fiscal policy. In addition, the conditions of economic imbalance, encumbrance of economic measures by the presence of the military situation in the country, it is important to determine the effectiveness of actions implemented economic orientation in real time. The application of retrospective analysis at this stage of development of the state is seen impractical and one that does not provide complete information provided extrapolation of the results for the future.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.