Short-term fiscal sustainability of V4 countries

Artikel

The financial crisis placed budget and fiscal policy sustainability on the centre stage of researches. Recently, a number of studies have suggested that the researcher should take use of the simplest models, because they provide accurate forecasting results. This present study falls in line with this new research direction, follows a simple intertemporal budget constraint, calculates primary gap in some selected years (2004, 2009, 2014) and tests assumptions for short-term in Visegrad Group Countries. Results indicate that the fiscal stance of V4 countries was varied. In most of the examined years, the fiscal policy of the countries have seemed to be unsustainable, which pointed out the fact that the fiscal controls are need to be strengthened in short- and long-term too.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: European Financial and Accounting Journal ; ISSN: 1805-4846 ; Volume: 11 ; Year: 2016 ; Issue: 3 ; Pages: 169-182 ; Prague: University of Economics, Faculty of Finance and Accounting

Classification and Topics

• Classification: Management ; Fiscal Policy
• Subject: Fiscal sustainability ; Primary gap ; Public debt ; V4 countries

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Sávai, Marianna
• Event: Veröffentlichung
• (who): University of Economics, Faculty of Finance and Accounting
• (where): Prague
• (when): 2016

Further information

• DOI: doi:10.18267/j.efaj.170
• Handle: http://hdl.handle.net/10419/187752
• Last update: 10.03.2025, 11:46 AM CET