The aim of the paper is to quantify changes in public finances in the countries of theVisegrad Group through the area of the magic triangle of public finances, with an emphasison the years 2020 and 2021. Using mathematical and statistical methods, we found the absolute and relative primary...

We examine how interstate differences in fiscal rules can help explain the differences in municipal bond returns across US states in a dynamic equilibrium model of municipal credit risk. State governments choose the optimal level of debt and a default policy, taking as given a fiscal rule for...