| | |

Archive search


Fulltext search
Advanced filter

THE IMPACT OF SOCIAL EXPENDITURE ON PUBLIC DEBT IN THE CZECH REPUBLIC AND SLOVAKIA

Manuela Raisová, Ľudmila Pavliková, Jozefína Semančíková

Fiscal policy setting regarding a long-term sustainability of public finance represents a serious problem not only in the EU member countries. The severity of the problem has been magnified by the debt and economic crisis within the previous years. The problem mentioned is associated with the development of private and public consumption, changes in investment, development of financial markets and the negative impact of demographic development in Europe as well. Moreover, it is obvious that pensions will continue to increase in the EU member countries.
more

A DEBT SUSTAINABILITY ANALYSIS OF THE CZECH REPUBLIC AND THE SLOVAK REPUBLIC: A NON PARAMETRIC APPROACH

Vlastimil Farkašovský, Colin William Lawson, Emília Zimková

A key long term consequence of the Great Recession of 2007–2009 was a rapid surge in public debt, especially in developed market economies. The OECD debt to GDP ratio stood at 79.9 per cent in 2008, and was expected to stabilize at 111.1 per cent in 2014.
more

?
NAPOVEDA
reguired
Language