A draft on theories of fiscal sustainability
Fiscal sustainability has been an oft-mentioned concept since the world’s last economic and financial crisis. This global crisis has drawn attention to the problems of public deficits and debt growth. It is, however, expected of modern analysis that any such lessons learnt should be based on empiric...
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| Dokumentumtípus: | Könyv része |
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JATEPress
Szeged
2018
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| Sorozat: | Challenges in national and international economic policies
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| Kulcsszavak: | Gazdaságpolitika - nemzetközi - 21. sz. |
| Tárgyszavak: | |
| Online Access: | http://acta.bibl.u-szeged.hu/57473 |
| Tartalmi kivonat: | Fiscal sustainability has been an oft-mentioned concept since the world’s last economic and financial crisis. This global crisis has drawn attention to the problems of public deficits and debt growth. It is, however, expected of modern analysis that any such lessons learnt should be based on empirical examination. To this end, we have tried to summarize the basic methodology for measurement of fiscal sustainability. We have examined and compared many ways or methods for achieving fiscal sustainability. Our experience is that the measurement of fiscal sustainability depends on the definition of fiscal sustainability itself, the definition of the balance of the public deficit and debt, the length and quality of the time series used, the particular characteristics of the countries participating in the study, and the researchers’ own approaches and expectations. Here we discuss what have been the most important milestones in the literature, and what kind of methods would serve in own research. |
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| Terjedelem/Fizikai jellemzők: | 81-93 |
| ISBN: | 978-963-315-364-2 |