Artikel
How vulnerable is fiscal policy in Central and Eastern European countries?
The aim of this paper is to investigate the vulnerability of fiscal policy in the case of 10 Central and Eastern European countries. We use a newly introduce indicator named Cumulative Excess of the Primary Balance (CEPB) which shows the deviations of current fiscal policy from a fiscal rule implying the stabilization of the public debt. Using annual data extracted for 1996-2010 period, we find no evidence of fiscal vulnerability in the case of Bulgaria and Estonia. For rest of the countries the results indicate more or less fiscal vulnerability depending how large CEPB is.
- Language
-
Englisch
- Bibliographic citation
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Journal: Romanian Journal of Fiscal Policy (RJFP) ; ISSN: 2069-0983 ; Volume: 3 ; Year: 2012 ; Issue: 2 ; Pages: 68-81 ; Bucharest: Editura ASE
- Classification
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Wirtschaft
Fiscal Policy
National Deficit; Surplus
National Debt; Debt Management; Sovereign Debt
- Subject
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Fiscal policy
Primary balance
Public debt
Fiscal sustainability
- Event
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Geistige Schöpfung
- (who)
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Stoian, Andreea
- Event
-
Veröffentlichung
- (who)
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Editura ASE
- (where)
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Bucharest
- (when)
-
2012
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Stoian, Andreea
- Editura ASE
Time of origin
- 2012
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