Study on Assessing the Role and Contribution of the Fiscal Policy - Monetary policy Combination in Macroeconomic Management: A Case Study from Vietnam (2010–2020)

Abstract

In the period from 2011 to 2020, despite the complicated and unpredictable fluctuations of the world economic situation, especially the Covid 19 pandemic from December 2019 has become increasingly unpredictable and dangerous so far. However, Vietnam's economy has succeeded in overcoming instability and recovering GDP growth rate. Contributing to this result must be mentioned the role of fiscal policy and monetary policy, in which the coordination between the two policies is increasingly focused and achieved more effectively. The study uses qualitative method and multivariable linear regression (MLR) to clarify the role of monetary policy and monetary policy in macroeconomic management. The object of this study is to to clarify and deepen the role and contribution of the combination of FP and MP in macroeconomic management.