Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/187752
Authors: 
Sávai, Marianna
Year of Publication: 
2016
Citation: 
[Journal:] European Financial and Accounting Journal [ISSN:] 1805-4846 [Volume:] 11 [Year:] 2016 [Issue:] 3 [Pages:] 169-182
Abstract: 
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.
Subjects: 
Fiscal sustainability
Primary gap
Public debt
V4 countries
JEL: 
E62
Persistent Identifier of the first edition: 
Document Type: 
Article

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