financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2020-24-6-61-81finance-1092Research ArticleДЕНЕЖНО-КРЕДИТНАЯ ПОЛИТИКАMONETARY & CREDIT POLICYРешение фискальных проблем посредством механизмов денежно-кредитной политики: на примере АрменииSolving Fiscal Problems through Monetary Policy Mechanisms: Case of Armeniahttps://orcid.org/0000-0002-5417-6648ВосканянМ. А.VoskanyanM. A.

Мариам Амбарцумовна Восканян — доктор экономических наук, доцент, заведующая кафедрой экономики и финансов.

Ереван

Mariam A. Voskanyan — Dr. Sci. (Econ.), Assoc. Prof., Head of Department of Economics and Finance.

Yerevan

mariam.voskanyan@rau.amhttps://orcid.org/0000-0001-5351-8039ПаронянЛ. В.ParonyanI. V.

Лилит Ваагновна Паронян — бакалавр.

Lilit V. Paronyan — Bachelor student.

Yerevan

lilit.paronyan@rau.amРоссийско-армянский университетАрменияRussian-Armenian UniversityArmenia2020111220202466181Copyright © Восканян М.А., Паронян Л.В., 20202020Восканян М.А., Паронян Л.В.Voskanyan M.A., Paronyan I.V.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/1092

развивающимися рынками. Предметом исследования является монетарная политика Центрального банка Республики Армения с точки зрения ее участия в решении налогово-бюджетных задач. Цель исследования — анализ и оценка фискального доминирования в макроэкономическом регулировании Армении. Методологической базой исследования стал обзор теоретических и практических моделей фискального доминирования, известных в научной литературе, а также апробация наиболее оптимальных из них на примере экономики Армении. В результате исследования сделан вывод, что в приоритете макроэкономического регулирования стоят задачи налогово-бюджетной политики, и монетарная политика направлена на решение фискальных проблем.

The problem of fiscal dominance tends to be most pronounced in emerging markets. The research subject is the monetary policy of the Central Bank of the Republic of Armenia and its participation in solving fiscal problems. The aim of the article is to analyze and assess fiscal dominance in the macroeconomic regulation of Armenia. The methodological basis of the study is a review of theoretical and practical models of fiscal dominance known in the scientific literature, as well as applying the most optimal models to the Armenian economy. The authors conclude that the tasks of fiscal policy are the priority of macroeconomic management, and monetary policy aims to solve fiscal problems.

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The authors declare that there are no conflicts of interest present.