Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 2

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  FISCAL CONSOLIDATION
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1
Content available remote

Konsolidacja fiskalna w krajach Unii Gospodarczej i Walutowej w warunkach kryzysu zadłużenia

100%
Giżyński J.
Zarządzanie i Finanse
|
2012
|
vol. 4
|
issue 1
179-193
EN
The aim of this article is to present an idea of fiscal consolidation and its methods, used in Member States of the Economic and Monetary Union (EMU) and to point out the benefits and costs of fiscal consolidation. The article also analyzes and assesses the main effects of fiscal consolidation policies in EMU countries in the time of debt crisis. Fiscal consolidation is a policy which strengthens public finances by reducing government deficit. In EMU, the level of budget deficit is limited to 3 percent of GDP. If deficit exists for a long time, the state of public finances is harmed. Euro area countries have used three different methods of fiscal consolidation, i.e. by increasing public incomes, by reducing public expenditures and by using a mixed method. Despite the fact that the fiscal consolidation weakens economic growth in the short term, it limits the possibility of degradation of public finances in the long term. The postponed effects of financial and economic crisis which took place from the year 2007 to 2009, have caused the fact that the risk of insolvency has risen up significantly in some EMU countries. Since the first half of 2010, in order to defeat public finance crisis, the Member States have introduced fiscal consolidation programs. These programs are to reduce public expenditures and increase tax incomes. Taken actions have caused inter alia a fall in a budget deficit level and stabilization in public debt level in the EMU. Besides these facts, some Members still have to take further reforms, making their decisions on the provisions having its grounds in the modified Stability and Growth Pact.
2

STRUCTURAL PUBLIC BALANCE ADJUSTMENT AND RELATIVE POVERTY IN THE EUROZONE COUNTRIES: AN EMPIRICAL INVESTIGATION

80%
Canale R. R., Liotti G.
Ekonomický časopis (Journal of Economics)
|
2016
|
vol. 64
|
issue 8
768 – 779
EN
The aim of the paper is to evaluate, through panel data dynamic models, the effects of structural public balance adjustment on relative poverty in 16 Eurozone countries from 2005 till 2013. The estimates are conducted by using the mean group (MG), the pooled mean group (PMG) and the dynamic fixed effects (DFE) estimators. The first two yield estimates of the long-run coefficients without the implausible assumption of identical dynamics in each country allowing to detecting a stable relationship even in presence of reduced explanatory variables. They all – through the error correction form – allow for considering the relation between the variables in their level and the dynamic of adjustment in the short-run. All the techniques generate outcomes supporting the conclusion that fiscal retrenchments increase relative poverty both in the short and in the long-run.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.