M. F. Arby and M. N. Hanif, Monetary and Fiscal Policies Coordination: Pakistan's Experience, SBP Research Bulletin, vol.6, issue.1, 2010.

H. Bohn, On Testing the Sustainability of Government Deficits in a Stochastic Environment, 1995.

K. Cheng, A VAR Analysis of Kenya's Monetary Policy Transmission Mechanism: How Does Central Bank's REPO rate affect the Economy, 2006.

C. Chuku, Monetary and Fiscal Interaction in Nigeria: An Application of a State-Space Model with Markov Switching, Journal of Applied Statistics, vol.1, issue.1, 2012.

J. Cochrane, Understanding Fiscal and Monetary Policy, 2008.

. Dahan, The Fiscal Effects of Monetary Policy, 1998.

T. Davig, E. Leeper, and H. Chung, Fiscal and Monetary Policy Switching, National Bureau of Economic Research. WP 10362, 2004.

T. Doi, T. Hoshi, and T. &okimoto, Japanese Government Debt and Sustainability of Fiscal Policy, National Bureau of Economic Research, 2011.

A. Dumitrescu, The Coordination of the Monetary and Fiscal Policies in Romania and their Impact on the Economic Cycle. The Bucharest University of Economic Studies, 2015.

M. Dungey and R. Fry, The Identification of Fiscal and Monetary Policy in a Structural VAR, Economic Modelling, vol.26, issue.6, pp.1147-1160, 2009.

. Enders, Applied Econometric Time Series, 1993.

S. Eusepi, Learning the Fiscal Theory of Price Level: Some Consequences of Debt Management Policy, 2011.

M. Fialho and M. S. Portugal, Monetary and fiscal policy interactions in Brazil: An application of the fiscal theory of the price level, 2009.

B. Friedman and M. Woodford, Handbook of Monetary Policy, vol.3, 2011.

D. Guinigundo, Fiscal Policy, Debt Management, and Government Bonds Market: The case for the Philippines. BIS Paper No. 67, 2012.

W. Greene, Econometric Analysis, 4 th Edition, 2000.

J. Hamilton, Regime Switching Models, 2005.

L. Lambertini and R. Rovelli, Independent or Coordinated? Monetary and Fiscal Policy in EMU, 2002.

. Lauren and E. Piedra, Coordination of Monetary and Fiscal Policies. IMF Working Paper WP/98/25, 1998.

C. Leith and S. Wren-lewis, Interactions between fiscal and monetary policies, The Economic Journal, vol.110, pp.93-108, 2000.

N. Khalid and F. &-marwan, Regime Switching Policy Rules and Economic Growth. The National University of Malaysia, 2012.

I. Maana, R. Owino, and N. Mutai, Domestic Debt and its Impact on the Economy -The Case of Kenya, 2008.

J. Mélitz, Some cross-country evidence about debt, deficits, and the behavior of monetary and fiscal authorities, 1997.

V. Muscatelli, A. Tirelli, and C. Trecroci, Monetary and fiscal policy interactions over the cycle: some empirical evidence, 2002.

C. Mutuku and E. Koech, Monetary and Fiscal Policy Shocks and Economic Growth in Kenya. VAR econometric Approach, Journal of World Economic Research, vol.3, issue.6, pp.95-108, 2014.

R. Ngugi and J. Kabubo, Financial Sector Reforms and Interest Rate Liberalization: The Kenyan Experience, Nairobi. Government Printers, 1963.

W. Semmler and W. Zhang, Monetary and Fiscal Policies Interactions Some Evidence from Euro-Area, 2003.

G. Tabellini, Money, Debt, and Deficits in a Dynamic Game, Journal of Economic Dynamics and Control, vol.10, pp.427-442, 1986.

G. Tabellini, Monetary and Fiscal Policy Coordination with a High Public Debt, UCLA Economics Working Papers, vol.449, 1987.

A. Tarawalie, M. Sissoho, M. Conte, and C. Ahortor, Fiscal and Monetary Policy Coordination in the WAMZ: Implications for the Member States' performance on the Convergence Criteria. West African Monetary Institute, 2013.

E. Togo, Coordinating Public Debt Management with Fiscal and Monetary Policies: An Analytical Framework, 2007.
DOI : 10.1596/1813-9450-4369

M. Kang and E. Ha, Government Policy Responses to Financial Crises. Identifying Patterns and Policy Origins in Developing Countries, World Development Journal, vol.68, pp.264-281, 2015.

V. Lledo and M. Ribiero-poplawski, Fiscal Policy Implementation in Sub-Saharan Africa, World Development Journal, vol.46, pp.79-91, 2013.

C. Vieira, Monetary and Fiscal Policy in Advanced and Developing Countries: An Analysis Before and after the Financial Crises. The Quarterly Review of Economic and Finance (Accepted Manuscript), 2016.

D. Wesselbaum, Fiscal and Monetary Policy Interactions in New Zealand. MPRA Paper No. 58763, p.25, 2014.