'Business Department, School of Economics, Business & Accounting USP'
Abstract
Includes abstract.Includes bibliographical references (leaves 116-128).This study analyses empirically the nature of fiscal and monetary policy interdependence and fiscal dynamics in africa. It also looks at the possibility of implementing viable fiscal policy rules and institutions that are consistent with economic and monetary stability and growth. The study starts off by looking at the way economists have framed the analysis of fiscal and monetary policy interdependence. While conventional theory holds that inflation is a onetary phenomenon, recently the Fiscal Theory of Price Determination (FTDP) has instead argued that inflation can be a fiscal phenomenon
