Fiskální pravidla v zemích Visegrádské čtyřky

Fiscal Rules in the Visegrad Countries

Ales Melecky and Marketa Skutova

MPRA Paper from University Library of Munich, Germany

Abstract: Recently the popularity of fiscal rules has been increasing also due to the impact of macroeconomic and financial shocks on fiscal sustainability. This paper reviews supranational and national fiscal rules implemented in the Visegrad countries (V4). Namely, we base the review and comparison of fiscal rules on the existing literature and the empirical data from the European Commission. According to the Fiscal Rule Strength Index developed by the European Commission, Poland’s debt rule as of 1997 received the highest ranking. Poland also received the highest score based on the aggregated Fiscal Rules Index in 2009. The most influential in this respect is the application of an early adjustment mechanism which is triggered once the debt to GDP ratio exceeds 50%.

Keywords: Nadnárodní fiskální pravidla; Národní fiskální pravidla; V4; EU; Index síly fiskálního pravidla; Index fiskálních pravidel (search for similar items in EconPapers)
JEL-codes: E62 H50 H60 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-cis, nep-mac and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34028

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