USE OF MACROECONOMIC FORECASTING AND PLANNING TOOLS IN THE CONDITIONS OF FINANCIAL MARKET DEVELOPMENT: A SYSTEMATIC APPROACH

Authors

  • A. V. Tarasenko Chernihiv Polytechnic National University, Ministry of Education and Science of Ukraine, Department of Finance, Banking and Insurance, Shevchenko str., 95, Chernihiv, 14035, Ukraine https://orcid.org/0000-0003-4395-3605

DOI:

https://doi.org/10.15330/apred.2.20.260-267

Keywords:

macroeconomic planning, forecasting, state regulation, financial market, financial system, systemic approach

Abstract

The article examines the theoretical foundations of the application of macroeconomic planning and forecasting tools in the context of financial market transformations. The purpose of the article is to develop theoretical provisions for the application of mechanisms of macroeconomic planning and forecasting according to the processes of state regulation of the financial market development. The European experience of macroeconomic planning and forecasting the development of the financial market has been studied. The importance of macroeconomic planning and forecasting measures for the implementation of the main functions of the financial market has been noted. It has been proposed to form a system of information and analytical support for macroeconomic planning and forecasting the development of the financial market, which is a set of information resources, means, methods, tools for its processing, necessary for the development and implementation of strategic and tactical directions of state regulation of the development of the financial market. The architecture of the specified system and its main tasks have been determined. It has been noted that the evaluation of the effectiveness of the system of information and analytical support for macroeconomic planning and forecasting takes place on the basis of monitoring, which is due to the long-term implementation of directions of state influence on the functioning of the financial market and the development of the financial system. The relationship between the processes of monitoring the development of the financial market based on the use of macroeconomic planning and forecasting tools has been studied. It has been proposed that the architecture of the system of information and analytical support for macroeconomic planning and forecasting of the development of the financial market makes it possible to distinguish the following functional subsystems: strategic planning subsystem, information collection and assessment subsystem, motivation subsystem of financial relations subjects, monitoring subsystem. It provides for measures to assess the effectiveness of the proposed program measures for the development of the financial market, the achievement of forecasted indicators and the development of solutions for the leveling of possible deviations and the minimization of risks.

Author Biography

A. V. Tarasenko, Chernihiv Polytechnic National University, Ministry of Education and Science of Ukraine, Department of Finance, Banking and Insurance, Shevchenko str., 95, Chernihiv, 14035, Ukraine

PhD (Econ.), Associate Professor     

References

Dubyna, M.V. “The role of the credit system in ensuring thefinancial security of the state.” V.P. Ilchuk (Ed.), Stratehiia ta mekhanizmy zabezpechennia finansovo-ekonomichnoi bezpeky –Strategy and mechanisms for ensuring financial and economic security, 2017, pp. 39-59.

Zhavoronok, A.V., Fedyshyn, M.P., and N.O. Kovalchuk. “Transformation of banking products and services in modern conditions.” Problems and prospects of economics and management, no. 2(18), 2019, рр. 202-215.

Ilchuk, V., and T. Shpomer. “Problems of the development of the institutional component of infrastructural support for the functioning of the credit market of Ukraine.” Problems and prospects of economics and management, no. 3(27), 2021, рр. 176-189.

Zymovets, V.V. State financial policy of economic development. Кyiv, 2010.

Zapatrina, I.V. “Formation of the state financial policy: European integration dimension.” Bulletin of KNTEU, vol. 2, 2012, pp. 59-73.

Avksientiev, M.Iu. “The essence and general characteristics of planning in economic theor.” Economy: realities of time, no. 3, 2013, pp. 214-218.

Voronkova, V.H. Planning and forecasting in market conditions. Kyiv, Professional, 2006.

Galushchak, M.P., Galushchak, O.Ya., and T.I. Kuzhda. Forecasting socio-economic processes. Ternopil, FOP Palyanytsia, 2021.

Pashuta, M.T. Forecasting and programming of economic and social development. Kyiv, Tsentr navchalnoi literatury, 2005.

Iastrebova, O.V. “Distinguishing features of financial forecasting and planning systems.” Economy and the state, no. 1, 2012, pp. 85-86.

Kaddouri, N., and M. Benelbar. “The Impact of Foreign Direct Investment on Economic Growth: Empirical Evidence.” Financial Markets, Institutions and Risks, no. 8(1), 2024, pp. 123-132.

Downloads

Published

2024-06-15

How to Cite

Tarasenko, A. V. (2024). USE OF MACROECONOMIC FORECASTING AND PLANNING TOOLS IN THE CONDITIONS OF FINANCIAL MARKET DEVELOPMENT: A SYSTEMATIC APPROACH. The Actual Problems of Regional Economy Development, 2(20), 260–267. https://doi.org/10.15330/apred.2.20.260-267

Issue

Vol. 2 No. 20 (2024): THE ACTUAL PROBLEMS OF REGIONAL ECONOMY DEVELOPMENT

Section

Development of financial-credit and insurance market of Ukraine

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Authors who publish with this journal agree to the following terms:
    1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution NonCommercial NoDerivs 4.0 Unported License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
    1. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  1. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access)