Deviations between Government Debt and Changes in Government Deficit, Why They Tend to Persist

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F44555601%3A13510%2F22%3A43896890" target="_blank" >RIV/44555601:13510/22:43896890 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.czso.cz/csu/czso/deviations-between-government-debt-and-changes-in-government-deficit-why-they-tend-to-persist" target="_blank" >https://www.czso.cz/csu/czso/deviations-between-government-debt-and-changes-in-government-deficit-why-they-tend-to-persist</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.54694/stat.2021.25" target="_blank" >10.54694/stat.2021.25</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Deviations between Government Debt and Changes in Government Deficit, Why They Tend to Persist

Popis výsledku v původním jazyce

Government deficit and debt represent one of the most prominent statistical aggregates playing a major role in the fiscal surveillance and in the assessment of fiscal sustainability. Achieving fiscal sustainability commonly requires a certain level of surplus/deficit to maintain a sustainable level of debt. When doing so, a close relation between both key aggregates is implicitly expected. Long-term evolution of both aggregates however does not confirm that it is the case. By analysing the data for the period 2001?2020 and by discussing the underlying statistical methodology, the paper aims to scrutinise the key factors contributing to rather counterintuitive findings where the debt is growing at a faster pace, even in the long-term, than the government deficit/surplus would suggest. The paper thus discusses the methodological causes behind the observed deviation.

Název v anglickém jazyce

Deviations between Government Debt and Changes in Government Deficit, Why They Tend to Persist

Popis výsledku anglicky

Government deficit and debt represent one of the most prominent statistical aggregates playing a major role in the fiscal surveillance and in the assessment of fiscal sustainability. Achieving fiscal sustainability commonly requires a certain level of surplus/deficit to maintain a sustainable level of debt. When doing so, a close relation between both key aggregates is implicitly expected. Long-term evolution of both aggregates however does not confirm that it is the case. By analysing the data for the period 2001?2020 and by discussing the underlying statistical methodology, the paper aims to scrutinise the key factors contributing to rather counterintuitive findings where the debt is growing at a faster pace, even in the long-term, than the government deficit/surplus would suggest. The paper thus discusses the methodological causes behind the observed deviation.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2022

Kód důvěrnosti údajů

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

Název periodika

Statistika: Statistics and Economy Journal

ISSN

0322-788X

e-ISSN

1804-8765

Svazek periodika

102

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

11

Strana od-do

35-45

Kód UT WoS článku

000773354200003

EID výsledku v databázi Scopus

2-s2.0-85129243205