The debate on the necessity of government interventions in economic activities has been well documented in the literature of developmental macroeconomics. This book examines whether fiscal and monetary policies combined with good governance result in better economic growth and price stabilization.

Exploring critical themes like the dynamic relationships between money supply, government expenditure, and governance indicators in achieving economic stability and environmental sustainability, this volume addresses the longstanding debate between monetarist and Keynesian schools regarding the determinants of inflation. While incorporating modern considerations of political economics and governance quality, it examines how corruption control, institutional quality, and policy coordination impact economic performance across both developed and developing nations.

The book will be useful to students and researchers of economics, development economics, political science, sociology, international relations and administrative sciences and to policy makers working in the fiscal and monetary sectors.