Societal Implications of Fiscal and Monetary Policies: Does Good Governance Matter?

The book addresses critical themes in contemporary macroeconomics, including the ongoing debate between monetarist and Keynesian schools regarding inflation drivers, the role of government expenditure and money supply in promoting economic growth, social sustainability, and the emerging need for environmental sustainabile policy formulation. Public spending is an important policy tool of fiscal policy. This book empirically examines whether government expenditure – both capital and revenue – and governance indicators maintain any dynamic relationships with social sector developments. The book addresses critical themes in contemporary macroeconomics, including the ongoing debate between monetarist and Keynesian schools regarding inflation drivers, the role of government expenditure and money supply in promoting economic growth, social sustainability, and the emerging importance of environmental sustainability in policy formulation. It explores how good governance practices, particularly corruption control, influence the effectiveness of fiscal and monetary policies, while examining the delicate balance between economic expansion and environmental conservation through green financing and sustainable development initiatives. The book will be useful to students and researchers of economics, political science, sociology, administrative sciences, international relations, and the policymakers in the fiscal and monetary sectors of a country.