Decomposition of fiscal imbalance in EU member countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00076595" target="_blank" >RIV/00216224:14560/14:00076595 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Decomposition of fiscal imbalance in EU member countries
Original language description
The stability of the common currency requires coordination of fiscal policies within the EU through compliance with agreed rules in the Stability and Growth Pact (SGP). Member countries stipulate the obligation to keep the public deficit below 3 % of GDPand public debt below 60 % of GDP. Enforcement of SGP is, however, debatable and with regard to public finances of member countries in the last few years its effectiveness could be questioned. Agreed rules should lead to long-term balanced and sustainable public finances. It would be correct to assume that the respect of agreed rules would lead to long-term balanced budgets. In our previous research we established an indicator A1 which gives a level of non-compliance with the required rules. Surprisingly, it was found that despite the compliance with re-quired criteria a large number of countries would be facing an increase in the level of debt.
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
32nd International Conference Mathematical Methods in Economics MME 2014 Conference Proceedings
ISBN
9788024442099
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
311-317
Publisher name
Palacký university
Place of publication
Olomouc
Event location
Olomouc
Event date
Jan 1, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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