IDEAS home Printed from
   My bibliography  Save this paper

The impact of fiscal rules on sustainable development of the Visegrad Group countries


  • Jens Hoelscher

    () (Bournemouth University, Executive Business Centre)

  • Marta Postula

    () (Warsaw University)

  • Agnieszka AliÅ„ska

    () (Warsaw School of Economics)

  • JarosÅ‚aw Klepacki

    () (University of Social Sciences, Poland)


The research question presented in this analysis focuses on national fiscal rules applicable in the Visegrád Group, also called V4, Czech Republic, Hungary, Poland and Slovakia as expressed in the European standardised fiscal rules index and on their impact on the socio-economic policy, expressed by indicators relating to the condition of public finance, economic results and sustainability finance indicators. The use of fiscal rules as an instrument of fiscal sustainability is manifested by imposing the requirements as regards to borrowing and the costs of public debt service. A high level of debt can cause social development expenditure to be crowded out, contributing to growing development disparities in social and economic terms.

Suggested Citation

  • Jens Hoelscher & Marta Postula & Agnieszka AliÅ„ska & JarosÅ‚aw Klepacki, 2018. "The impact of fiscal rules on sustainable development of the Visegrad Group countries," BAFES Working Papers BAFES17, Department of Accounting, Finance & Economic, Bournemouth University.
  • Handle: RePEc:bam:wpaper:bafes17

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    fiscal rules; sustainable development; socio-economic policy;
    All these keywords.

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H6 - Public Economics - - National Budget, Deficit, and Debt

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bam:wpaper:bafes17. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marta Disegna). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.