Domestic Debt Trap in the Czech Republic Compared to other Visegrad Group Countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F27081869%3A_____%2F16%3AN0000004" target="_blank" >RIV/27081869:_____/16:N0000004 - isvavai.cz</a>
Result on the web
<a href="http://www.efid.cz/sbornik/" target="_blank" >http://www.efid.cz/sbornik/</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Domestic Debt Trap in the Czech Republic Compared to other Visegrad Group Countries
Original language description
Long-term sustainability of fiscal policy also means a stable public debt to GDP ratio, i.e. a situation where the relative weight of public debt is not increasing and there is no “snowball effect”. The sustainability of public finances has been brought to the fore by significantly increasing debt levels in the aftermath of the economic and financial crisis that started in 2008. Whilst high public debt was not at the origin of the crisis in most euro area countries, the present higher public debt ratios pose a risk to sustainability.1 The objective of this paper is to analyze the public debt development in terms of the socalled debt trap in the Czech Republic compared to other Visegrad Group countries (Slovakia, Poland, and Hungary) and to define increasing trends in this important area of public finances, such as the deficit and public debt.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 2nd International Conference European Fiscal Dialog 2016 Fiscal and Monetary Policy: between Scylla and Charybdis?
ISBN
978-80-87325-09-4
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
45-55
Publisher name
NEWTON Books
Place of publication
Praha
Event location
Praha
Event date
May 20, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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