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

Kód výsledku v 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>

Výsledek na webu

<a href="http://www.efid.cz/sbornik/" target="_blank" >http://www.efid.cz/sbornik/</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

11

Strana od-do

45-55

Název nakladatele

NEWTON Books

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

20. 5. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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