HARMONISATION OF MONETARY AND FISCAL POLICY IN THE CONDITIONS OF WAR AND CRISIS TRANSFORMATION OF THE ECONOMY

Introduction. The article examines the role of monetary and fiscal policy coordination, harmonization of stabilization and regulatory measures of the Central Bank and the Government in the conditions of war and modern global crisis structural transformations. The key trends in the development of the financial sphere are singled out, the specifics of conducting monetary and fiscal policy in the conditions of crisis structural transformations are substantiated. The directions of institutional harmonization and optimal monetary-fiscal interaction in the mechanism of ensuring financial stability are characterized. The key goals of monetary and fiscal policy during military operations are to ensure macroeconomic balance and stability of the financial and monetary system of Ukraine with the help of monetary and financial management tools, which will allow to increase state spending on defense, reconstruction of the housing sector, energy and transport infrastructure, and restoration of industry, trade and social protection of the population. The purpose of the article is to identify the key trends in the development of the financial sphere, to reveal the peculiarities of conducting monetary and fiscal policy in the conditions of crisis structural transformations. Highlighting directions of optimal monetary and fiscal interaction in the mechanism of ensuring financial stability. Materials and methods. The article is written on the basis of the study of scientific domestic and foreign sources on the raised issues. The writing of the article is based on materials that summarize the main provisions of theoretical and practical research on determining the features of the relationship and mutual influence of monetary and fiscal policy based on the study of the domestic legal framework, analysis of reporting data of international financial organizations, as well as monitoring of statistical data of the National Bank of Ukraine, Ministry of Finance, State Treasury Service of Ukraine. In the process of carrying out the research, the following scientific methods were used: dialectical approach and systemic analysis — regarding the theoretical generalization of the conclusions of scientists and economists on issues of harmonization of monetary and fiscal policy, disclosure of the content of the conceptual apparatus; methods of comparative analysis and synthesis — during the identification of general and specific techniques and tools for the implementation of fiscal and monetary policy in Ukraine and in foreign countries. The historical method is for summarizing the views of scientists regarding the processes of dialectical interconnection of the levers of monetary and fiscal influence on macroeconomic balance.