Tytuł:

The Brake Public Debt Rule as An Instrument to Stabilize the Debt – Results for Poland

Tytuł publikacji grupowej:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers

Autor:

Przybylska-Mazur, Agnieszka

Temat i słowa kluczowe:

brake public debt rule ; expenditure rule ; balanced budget ; business cycle

Opis:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers, s. 365-372

Abstrakt:

The public debt brake rule is the numerical fiscal rule applied the first time in Switzerland. In this paper we use the expenditure rule that is the core of the brake public debt rule for analyses the general government deficit and the government debt in Poland. When we use the brake public debt rule we assume that government spending does not result from a predetermined path, but they are linked to the level of revenue and variable economic situation. Unlike the original version of the brake public rule, in the paper we include the total expenditure and the total revenues being the sum of tax and non-tax revenues assumed in the Budget Laws. The potential GDP was determined on the basis of the HP filter. In addition my contribution to the topic is to investigate whether the implementation of the public debt brake rule in Poland will stabilize the general government deficit and the government debt over the business cycle and will reduce the ratio of debt to GDP

Wydawca:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Miejsce wydania:

Wrocław

Data wydania:

2017

Typ zasobu:

materiały konferencyjne

Format:

application/pdf

Identyfikator zasobu:

doi:10.15611/amse.2017.20.30

Język:

eng

Powiązania:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers

Prawa:

Wszystkie prawa zastrzeżone (Copyright)

Prawa dostępu:

Dla wszystkich w zakresie dozwolonego użytku

Lokalizacja oryginału:

Uniwersytet Ekonomiczny we Wrocławiu