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Public Debt under Financial Crisis in the New EU Member States

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Long-Term Borrowing and Intergenerational Redistribution of Public Debt. The Case of Central and Eastern EU Member States

Aging Societies, Climate Change, and Other Long-Term Fiscal Challenges, International Monetary Fund. Kosikowski C. (2011), Naprawa finansów publicznych w Polsce, Wydawnictwo Temida 2, Białystok. Laffargue J.-P. (2009), Intergenerational Transfers and the Stability of Public Debt with Short-Lived Governments, “Mathematical Population Studies”, Vol. 16, Issue 1. Lindbeck A., Weibull J.W. (1986), Intergenerational Aspects of Public Transfers, Borrowing and Debt, Scandinavian Journal of Economics, Vol. 88, Issue 1

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Stock-Flow Adjustment – Only a Residual Value? Evidence from European Union Countries

Part of Public Debt. Emerging Markets Review, 7(3), 228-243. Eichengreen, B., El-Ganainy, A., Esteves, R., Mitchener, K.J. (2019). Public Debt Through the Ages. NBER Working Papers (No. w25494). Massachusetts: National Bureau of Economic Research. Eurostat database ( http://ec.europa.eu/eurostat/data/database ). Eurostat (2017). Stock-flow Adjustment (SFA) for the Member States, the Euro Area and the EU28 for the Period 2013-2016, as Reported in the October 2017 EDP notification 2017. Retrieved from: http://ec.europa.eu/eurostat/documents/4187653

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The SGP – Faulty by Design or Made Faulty by Politicians? An Assessment Based on a Simulation Model

. 180 (ISBN 92-894-4917-9). BUTI, M., MARTINOT, B. (2000). Open Issues in the Implementation of the Stability and Growth Pact. National Institute Economic Review. 174, pp. 92-104. CALMFORS, L. (2005). What Remains of the Stability Pact and What Next? SIEPS Reports, No. 8. Swedish Institute for European Policy Studies (ISBN 91-85129-31-3). COLLIGNON, S. (2012). Fiscal Policy Rules and the Sustainability of Public Debt in Europe. International Economic Review [online]. 53(2), pp. 539-567. COUDERT, V. (2013

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Are Central Banks in CEE Countries Concerned about the Burden of Public Debt?

), Tracking monetary-fiscal interactions across time and space , Working Papers 6/2012, Czech National Bank, Prague. Goodhart C. (2012), Monetary policy and public debt , Financial Stability Review No. 16, Banque de France, Paris. Hamilton J.D. (1989), A new approach to the economic analysis of non-stationary time-series and the business cycle , ‘Econometrica’, Wiley, Vol. 57, No. 2. Hellebrandt T., Posen A., Tolle M. (2012), Does monetary cooperation or confrontation lead to successful fiscal consolidation? , Financial Stability Review No. 16, Banque

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Long-term Sustainability Of Public Finance In The Central And Eastern EU Member States / Długoterminowe Zrównoważenie Finansów Publicznych w Krajach Europy Środkowej i Wschodniej Należących Do Ue

References Baglioni A., Cherubini U. (1993), Intertemporal budget constraint and public debt sustainability: the case of Italy, ‘Applied Economics’, Vol. 25, Issue 2. Barro R. J. (1974), Are Government Bonds Net Wealth?, ‘Journal of Political Economy’, Vol. 82, Issue 6. Barro R. J. (1989), The Ricardian Approach to Budget Deficits, ‘Journal of Economic Perspectives, Vol. 3, Issue 2. Cyclical Adjustment of Budget Balances (2013), European Commission, Directorate-General for Economic and Financial

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Determinants of Public Indebtedness in European Union Countries

-Granados, C. (2012). Reassessing the Fiscal Mix for Successful Debt Reduction. Economic Policy, 27 (71), 365–406. Blundell, R., Bond, S. (1998). Initial Conditions and Moment Restrictions in Dynamic Panel Data Models. Journal of Econometrics, 87 , 115-143. Bohn, H. (1998). The Behavior of U.asseS. Public Debt and Deficits. The Quarterly Journal of Economics, 113 (3), 949–963. Bohn, H. (2007). Are Stationarity and Cointegration Restrictions Really Necessary for the Intertemporal Budget Constraint? Journal of Monetary Economics, 54, 1837

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Balkan Candidate Countries Running for Fiscal Consolidation: Legal Frameworks vs. Economic Results

., Maskovic, A. (2017), Montenegro Public Debt Analyses , Balkan Monitoring Public Finances. Djurovic-Todorovic, J., Djordjevic, M. (2015), Results of Fiscal Consolidation in Republic of Serbia , Procedia Economics and Finance 19. Durmishi, A., Patonov, N. (2016), Albania’s Fiscal Governance: A Good Example in EU Perspective , “Journal of International Relations”, Faculty of International Relations, University of Economics in Bratislava, Volume XIV, Issue 2. ECB (2000), The Eurosystem and the EU enlargement process , ECB Monthly Bulletin

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The Myth of Austerity. Empirical Evidence from the Eurozone Countries

.H. (2012). Econometric Analysis. New York: Pearson Education Limited. Herndorn, T., Ash, M., Pollin, R. (2014). Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff. Cambridge Journal of Economics, 38(2), 257–279. Retrieved from: https://doi.org/10.1093/cje/bet075 . Hespanha, P., Portugal, S. (2015). Welfare Cuts and Insecurity under the Rule of Austerity: the Impact of the Crisis on Portuguese Social Services. Oñati Socio-legal Series, 5(4), 1110-1132. Retrieved from: http://ssrn.com/abstract=2683350 . Holtz

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The Political-Budget Cycle in Countries of the European Union

and Partisan Manipulation of Public Debt in Developed Democracies, 1956-90. Retrieved from www.personal.umich.edu/~franzese Freedom House. The Indicator of Freedom of the Press. 2010. Retrieved from www.freedomhouse.org GREGOR, M. (2005). Nová politická ekonomie. Praha: Nakladatelství Karolinum, 315 p. ISBN: 80-246-1066-3. HAGEMANN, R. (1999). The Structural Budget Balance. The IMF's Methodology. Retrieved from www.imf.org HAGEN, T. (2007). Estimating the

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