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Wyszukujesz frazę "Public debt;" wg kryterium: Temat


Tytuł:
Dług publiczny w ujęciu ekonomicznym i prawnym. Zmienność długu publicznego w wybranych gospodarkach pozaeuropejskich po 2007 na tle państw Unii Europejskiej
Autorzy:
Malinowski, Dariusz
Powiązania:
https://bibliotekanauki.pl/articles/629819.pdf
Data publikacji:
2015
Wydawca:
Szkoła Główna Handlowa w Warszawie
Tematy:
budget deficit, public debt, legal methodologies of calculating public debt
Opis:
The two main aims of the text were comparative analysis of several legal methodologies for defining public debt developed by international organizations and presenting the Polish legal methodology of calculating public debt while pointing out to the differences between methodologies. Presentation of the concept of the budget deficit and public debt in economic theory served as introduction to the description of legal approach to public debt. The second part of the study examines the economic volatility of the state budget deficit and public debt in selected non-European economies after 2007. The analysis was carried out on a group of sixty-largest economies in the world by GDP at market prices by purchasing power parity. The state of public finance of non – European economies is shown in comparison with the state of EU public finance
Źródło:
Kwartalnik Kolegium Ekonomiczno-Społecznego Studia i Prace; 2015, 2; 77-109
2082-0976
Pojawia się w:
Kwartalnik Kolegium Ekonomiczno-Społecznego Studia i Prace
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
External Factors in Debt Sustainability Analysis: An Application to Latin America?
Autorzy:
Adler, Gustavo
Sosa, Sebastian
Powiązania:
https://bibliotekanauki.pl/articles/565723.pdf
Data publikacji:
2016
Wydawca:
Uniwersytet Warszawski. Wydawnictwo Naukowe Wydziału Zarządzania
Tematy:
public debt
external debt
debt sustainability
Latin America
Opis:
This paper develops a framework for debt sustainability analysis that integrates econometric estimates of the effect of global factors on a set of key domestic variables that determines public and external debt dynamics. The methodology is applied to assess debt sustainability in Latin America—a region highly sensitive to external conditions. Results suggest that, while some countries in the region are well placed to withstand moderate or even large foreign shocks, many would benefit from strengthening their fiscal positions to be able to deploy countercyclical policies under adverse scenarios, especially tail events. External sustainability, on the other hand, does not appear to be a source of concern for most countries.
Źródło:
Journal of Banking and Financial Economics; 2016, 1(5); 81-120
2353-6845
Pojawia się w:
Journal of Banking and Financial Economics
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Public debt, money and consumer prices: a vector error correction model for Germany
Autorzy:
Nastansky, Andreas
Strohe, Hans Gerhard
Powiązania:
https://bibliotekanauki.pl/articles/425010.pdf
Data publikacji:
2015
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
public debt
inflation
Germany
VECM
Opis:
In the paper, the authors analyse the interaction between public debt and inflation including the mutual impulse response. The European sovereign debt crisis brought once again a focus onto the consequences of government debt in combination with an expansionary monetary policy for the development of consumer prices. Public deficits can lead to higher inflation rates if the money supply is expansionary. The high level of national debt, not only in the Euro-crisis countries, and the strong increase in the total assets of the European Central Bank, as a result of the unconventional monetary policy, have caused fears of inflating government debt. The transmission from public debt to inflation through money supply and long-term interest rate will be shown in the paper. Based on these theoretical thoughts, the variables: public debt, consumer price index, money stock m3 and long-term interest rate will be analysed within a vector error correction model. In the empirical part of this article, quarterly data for Germany from 1991 to 2014 are to be examined.
Źródło:
Econometrics. Ekonometria. Advances in Applied Data Analytics; 2015, 1 (47); 9-31
1507-3866
Pojawia się w:
Econometrics. Ekonometria. Advances in Applied Data Analytics
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Public Debt Sustainability and the COVID Pandemic: The Case of Poland
Autorzy:
Kłysik-Uryszek, Agnieszka
Uryszek, Tomasz
Powiązania:
https://bibliotekanauki.pl/articles/2076905.pdf
Data publikacji:
2022-05-20
Wydawca:
Uniwersytet Warszawski. Wydział Nauk Ekonomicznych
Tematy:
COVID
public debt
sustainability
Polska
Opis:
This paper aims to analyse and assess the impact of the COVID pandemic effect on the public debt sustainability level in Poland. We put the following research hypothesis in our study: the pandemic period disallowed the production of primary fiscal surpluses and increased the level of fiscal unsustainability in Poland. We took the data from Eurostat and the European Commission databases. We used the Primary gap indicator and no-Ponzi condition as the research methods (for the short-term and the long-term analyses, respectively). Both methods derive from the theory of the intertemporal budget constraint. The results of the empirical studies did not allow us to reject the research hypothesis.
Źródło:
Central European Economic Journal; 2022, 9, 56; 68-75
2543-6821
Pojawia się w:
Central European Economic Journal
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Roszczenia krajów Europy Zachodniej I Stanów Zjednoczonych Ameryki wobec rządu Polskiej Rzeczpospolitej Ludowej z tytułu długów sprzed II wojny światowej, a także nacjonalizacji powojennej na dzień 19 III 1954 w świetle materiałów źródłowych
Autorzy:
Andrzejczyk, Robert
Powiązania:
https://bibliotekanauki.pl/articles/2028793.pdf
Data publikacji:
2014-12-31
Wydawca:
Wydawnictwo Adam Marszałek
Tematy:
nationalization
indemnity agreements
compensation
public debt
Opis:
Based on these agreements Polish government transferred to the governments of foreign states lump-sum compensations to satisfy the claims of entities referred to above (exceptions: Norway – mutual compensation agreement offsetting claims, France – indemnization in the form of hard coal deliveries). Selection of these countries was done based on economic interests of Poland after IIWW (e.g. perspectives of export of hard coal). Historical source material for this article is note titled “Capitalist countries claims against Poland for pre-IIWW and IIWW debts as well as claims that arose out of Polish laws affecting foreign property after liberation.” Note is dated 19th March 1954 and was addressed to the Polish Minister of Finance. Document is kept in the Central Archives of Modern Records (AAN) in Warsaw, archival collection of the Ministry of Finance, Minister’s Office file, No 2/24.
Źródło:
Krakowskie Studia Małopolskie; 2014, 19; 31-43
1643-6911
Pojawia się w:
Krakowskie Studia Małopolskie
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Wpływ wysokości długu publicznego na koszty jego obsługi
Impact of the Level of Public Debt on its Service Costs
Autorzy:
Brzozowski, Michał
Powiązania:
https://bibliotekanauki.pl/articles/956883.pdf
Data publikacji:
2013
Wydawca:
Akademia Leona Koźmińskiego w Warszawie
Tematy:
interest rate
public debt
Non-linearity
Opis:
Purpose: The article aims at analyzing the functional form of the relation between the level of public debt and the government bond yields in both developed and developing countries. A surge in public indebtedness following the financial crisis in 2008-2010 undermined the credibility of sovereigns in the credit markets. As a result, the government bond yields have risen, thus amplifying the problem of rapidly expanding public debts. The purpose of the article is to estimate the threshold value of government debt above which its service costs rapidly increase. Methodology: The relation between the 10-year government bond real interest rate and the level of debt is investigated with the use of spline regression with cubic splines. The regression model is estimated using annual data for 66 countries that spans between the years 1980-2010. An additional analysis is conducted for the last decade and after splitting the sample into high-income and catching-up countries. Findings: In the sample that covers all countries and the whole 1980-2010 period no relation between the level of debt and interest rate has been detected. In the years 2001-2010 the threshold value of debt above which the real interest rate starts to grow rapidly is estimated to be around 150% of GDP in catching-up countries and about 110% of GDP in high-income countries. Research implications: An analysis of the impact of fiscal policy on the level of interest should take into account the likely non-linearity of the relationship. Originality: Spline regression has not yet been used in the analysis of the relation between debt and interest rate.
Źródło:
Management and Business Administration. Central Europe; 2013, 21, 2(121); 49-63
2084-3356
Pojawia się w:
Management and Business Administration. Central Europe
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Poland’s budgetary expenditures in years 2006-2016 and national public debt
Autorzy:
Jarczok-Guzy, Magdalena
Powiązania:
https://bibliotekanauki.pl/articles/2128119.pdf
Data publikacji:
2018
Wydawca:
Uniwersytet w Białymstoku. Wydawnictwo Uniwersytetu w Białymstoku
Tematy:
state budget
public debt
budget expenditures
Opis:
The purpose of this study is to analyze budget expenditures and public debt in Poland over the years 2006-2016. The dynamics and correlation between these data are examined and, on this basis, the impact of budget expenditures on public debt in Poland is described. The author reviews the literature on the subject and conducts a statistical analysis based on correlation indicators. Some attention is also devoted to the sense of public debt. As a result of the analysis, a very strong positive correlation has been found between budget expenditures and public debt. This means that an increase in public expenditure leads to an increase in public. debt. Therefore, it can be presumed that the budget revenues in each of the following years were not sufficient to even slightly reduce the public debt.
Źródło:
Optimum. Economic Studies; 2018, 3(93); 76-84
1506-7637
Pojawia się w:
Optimum. Economic Studies
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
How to solve the sovereign debt crisis in the euro area?
Autorzy:
Justyna, Sikora,
Powiązania:
https://bibliotekanauki.pl/articles/894600.pdf
Data publikacji:
2019-05-30
Wydawca:
Uniwersytet Warszawski. Wydawnictwa Uniwersytetu Warszawskiego
Tematy:
public debt
euro area
fiscal policy
Opis:
The sovereign debt crisis in the euro area (EA) highlighted shortcomings of its institutional framework – establishment of a monetary union without a central fiscal policy. Although the economic governance in the EA was substantially reformed in the aftermath of the crisis to address its weaknesses, further reforms including some elements of fiscal union are needed to increase resilience of the Economic and Monetary Union to shocks and prevent emergence of economic and financial distress in the future. Based on the theory of fiscal federalism, the article analyses potential institutional reforms aimed at solving the sovereign debt crisis in the EA and indicates which proposals are desired and possible to implement. The research method used is a descriptive analysis of reforms proposed in the literature. In the article, the following reform proposals were assessed: the Debt Redemption Fund, European bonds, assigning the European Central Bank the role of the lender of last resort and a fiscal union with an EA fiscal capacity.
Źródło:
Przegląd Europejski; 2017, 4 (46); 58-74
1641-2478
Pojawia się w:
Przegląd Europejski
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The EUs Socio-economic Development Against the Backdrop of the War in Ukraine
Autorzy:
Boichenko, Kateryna
Rana, Umair Ashraf
Nuno Mata, Mário
Gherghina, Ștefan Cristian
Powiązania:
https://bibliotekanauki.pl/articles/2196266.pdf
Data publikacji:
2023-04-29
Wydawca:
Uniwersytet Warszawski. Wydział Nauk Ekonomicznych
Tematy:
development
public debt
inflation
clustering
war
Opis:
The war in Ukraine affects the European Union (EU) member states asymmetrically. The purpose of the study is to determine changes in the development of the EU countries in three key directions: ‘economy and environment’, ‘busi-ness and trade’, and ‘people and work’; to identify clusters of countries with similar transformations; and to model the impact of the studied indicators on the level of public debt amid the war in Ukraine. The research methodology inclu-des the definition of a complex indicator of changes in the socio-economic development of EU countries, correlation and cluster analysis, and modelling the influence of the studied factors/indicators on the level of public debt. Research of changes in the context of the proposed complex indicators and their components under conditions of war showed that the changes in the areas under review varied for EU countries. Against the backdrop of the war in Ukraine, 17 EU countries faced a slowdown in their socio-economic growth, among which Poland was the most severely affected. Modelling made it possible to determine that, amid the war, the most important factors for the EU public debt are inflation, labour market conditions, and the possibilities of the balance of payments and the international investment position incorporated into GDP. The conducted research proves that the war in Ukraine increases the scale and rele-vance of general challenges that cannot be addressed at the national level. Strengthening the European defence against external aggression is the entire task of the EU.
Źródło:
Central European Economic Journal; 2023, 10, 57; 72-89
2543-6821
Pojawia się w:
Central European Economic Journal
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Nierównowaga finansów publicznych w krajach Unii Europejskiej
Public Finance Sustainability in European Union Countries
Autorzy:
Gajewski, Paweł
Powiązania:
https://bibliotekanauki.pl/articles/574413.pdf
Data publikacji:
2011-10-31
Wydawca:
Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
Tematy:
public debt
public finance sustainability
financial crisis
Opis:
The article aims to estimate the current level of public finance sustainability in the European Union, taking into account the starting fiscal position, the possibility of withdrawing fiscal impulses, the future costs of population aging, and possible financial market responses. The author achieves this objective by using an indicator method similar to that used by the European Commission. However, this method has been modified by diversifying projected GDP growth rates and public debt interest rates, Gajewski says. The assumption is that the interest rate may vary depending on the response of financial markets to the debt-to-GDP ratio. The author demonstrates that almost all EU countries have lost their medium- and long-term fiscal sustainability. Greece and Ireland appear to be the worst off among the analyzed countries, Gajewski says. Both these economies suffer from a high structural budget deficit and potentially high costs of population aging. Most other countries will also be forced to make strong fiscal adjustments to achieve primary surpluses far exceeding those in the period before the financial crisis. The calculations also show that Sweden, Estonia and Bulgaria boast the highest levels of public finance sustainability in the European Union, the author concludes.
Źródło:
Gospodarka Narodowa. The Polish Journal of Economics; 2011, 251, 10; 21-38
2300-5238
Pojawia się w:
Gospodarka Narodowa. The Polish Journal of Economics
Dostawca treści:
Biblioteka Nauki
Artykuł

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