The economic crisis has wiped out years of economic and social progress and highlighted the structural weaknesses of Europe's economy. The European Commission and European Council have evaluated the PNR and the implementing national reports and will adopt the final recommendations on fiscal and...

Defining elements of the information society are presented. The development stages of the information society are discussed. The defining principles of knowledge-based society are stated. The paper discusses the elements that led to the formation of the knowledge-based society. The paper...

The paper strives to determine the impact of fiscal variables on factors determining the dynamics of public debt in European Union countries. Based on the literature, the dynamics of public debt are determined by changes of three elements: the primary balance, interest-rate-growth-differential...

The global financial and economic crisis has placed a significant strain on public finances in many economies. Since sound public finances are crucial for price and financial stability and for economic growth, concerns about rising debt commitments have led to a renewed interest in the analysis...

En la discusión del Proyecto de los primeros Presupuestos Generales del Estado (PGE) que deberán afrontar el impacto económico y social de la pandemia de COVID-19, el gobernador inicia su comparecencia con un análisis del comportamiento reciente de la economía y de su posible evolución en...

En la discusión del proyecto de los primeros Presupuestos Generales del Estado (PGE) que deberán afrontar el impacto económico y social de la pandemia de COVID-19, el gobernador inicia su comparecencia con un análisis del comportamiento reciente de la economía y de su posible evolución en...

Shocks to monetary and fiscal policy have played a major role in public debt developments in the OECD countries since the mid-1970s. According to the applied VAR approach, these shocks, taken together, explained, on average, about half of the forecast error variation in the debt to GDP ratio,...

The public sector, in carrying out its operations, often incurs foreign currency denominated liabilities and, as such, is exposed to exchange rate fluctuations that could affect the value of public debt to GDP ratios over time. This paper shows that converting foreign currency denominated flows...