Decomposition of fiscal imbalance in EU member countries

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Decomposition of fiscal imbalance in EU member countries

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Decomposition of fiscal imbalance in EU member countries

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

32nd International Conference Mathematical Methods in Economics MME 2014 Conference Proceedings

ISBN

9788024442099

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

311-317

Název nakladatele

Palacký university

Místo vydání

Olomouc

Místo konání akce

Olomouc

Datum konání akce

1. 1. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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