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https://doi.org/10.30924/mjcmi/2018.23.2.81

Public debt in new EU member states – Panel data analysis and managerial implications

Mario Pečarić ; University of Split, Faculty of Economics, Business and Tourism, Split, Croatia
Vlado Slišković   ORCID icon orcid.org/0000-0002-8679-669X ; University of Split, Faculty of Economics, Business and Tourism, Split, Croatia (PhD student)
Tino Kusanović ; University of Split, Department of professional studies, Split, Croatia

Puni tekst: engleski, pdf (3 MB) str. 81-97 preuzimanja: 279* citiraj
APA 6th Edition
Pečarić, M., Slišković, V. i Kusanović, T. (2018). Public debt in new EU member states – Panel data analysis and managerial implications. Management, 23 (1), 81-97. https://doi.org/10.30924/mjcmi/2018.23.2.81
MLA 8th Edition
Pečarić, Mario, et al. "Public debt in new EU member states – Panel data analysis and managerial implications." Management, vol. 23, br. 1, 2018, str. 81-97. https://doi.org/10.30924/mjcmi/2018.23.2.81. Citirano 18.11.2019.
Chicago 17th Edition
Pečarić, Mario, Vlado Slišković i Tino Kusanović. "Public debt in new EU member states – Panel data analysis and managerial implications." Management 23, br. 1 (2018): 81-97. https://doi.org/10.30924/mjcmi/2018.23.2.81
Harvard
Pečarić, M., Slišković, V., i Kusanović, T. (2018). 'Public debt in new EU member states – Panel data analysis and managerial implications', Management, 23(1), str. 81-97. https://doi.org/10.30924/mjcmi/2018.23.2.81
Vancouver
Pečarić M, Slišković V, Kusanović T. Public debt in new EU member states – Panel data analysis and managerial implications. Management [Internet]. 2018 [pristupljeno 18.11.2019.];23(1):81-97. https://doi.org/10.30924/mjcmi/2018.23.2.81
IEEE
M. Pečarić, V. Slišković i T. Kusanović, "Public debt in new EU member states – Panel data analysis and managerial implications", Management, vol.23, br. 1, str. 81-97, 2018. [Online]. https://doi.org/10.30924/mjcmi/2018.23.2.81

Sažetak
The paper argues that it is impossible to resolve the public debt problem within the existing economic policy model without changing the conceptual relationship between monetary and fiscal policy, i.e. without reconfirming the relationship between the policies and without strengthening the fiscal policy role. Otherwise, it is believed, the current model leads to a recession, while public debt problem remains unresolved. The existing model does not question the creation and structure of private debt and its effects on public debt, but the attention is given only to irresponsible fiscal policy. Understanding the public debt determinants is a prerequisite for effective public debt management and for private agents’ positive expectations. In the paper, several managerial implications of the research results are, also, identified and presented.

Ključne riječi
public debt management; EU monetary and fiscal policy; determinants of public debt

Hrčak ID: 202348

URI
https://hrcak.srce.hr/202348

Posjeta: 440 *