The Coordination of Fiscal and Monetary Policy in Context of Economic Stability - The Case of Macedonia

These paper goal is to point out the relevance of efficient coordination of fiscal and monetary policy in order to achieve economic stability and prosperity. It will analyze several critical economic situations like low industrial production, escalation of hyperinflation tension, high unemployment, an unfavorable balance of payments situation, and low foreign exchange reserves during the 90s in R. Macedonia. In this period the country tried through joint fiscal and monetary policy to battle off all the economic challenges that had risen from the dissolution of the Former country Yugoslavia. Especially the focus will be aimed on the stability programs through which the country successfully survived those critical times