About: GOVERNMENT DEBT MANAGEMENT IN THE CZECH REPUBLIC: SENSITIVITY ANALYSIS OF THE OPTIMAL ALLOCATION

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	Sound debt management practices help prevent occurrence of debt crisis, reduce vulnerability to macroeconomic and financial shocks, and support economic growth. Unexpected increases in debt-service charges can substantially change the dynamics and accumulation of government debt. The unexpected increases can occur due to significant risk exposures to exchange rate, interest rate and refinancing risks that the government has assumed when allocating its debt. Vulnerability of public debt to macroeconomic shocks can be reduced by responsible allocation of debt. This article emphasizes some of the best practices of the public debt management and empirically finds the optimal debt allocation for the Czech Republic using Giavazzi and Missale (2004, p. 7) approach. To calibrate the latter, conditional expectations, based on a vector autoregression (VAR) model for the Czech macroeconomy, are used. Using sensitivity analysis, the paper then studies robustness of the empirically determined, optimal government debt allocation for the Czech Republic. Sound debt management practices help prevent occurrence of debt crisis, reduce vulnerability to macroeconomic and financial shocks, and support economic growth. Unexpected increases in debt-service charges can substantially change the dynamics and accumulation of government debt. The unexpected increases can occur due to significant risk exposures to exchange rate, interest rate and refinancing risks that the government has assumed when allocating its debt. Vulnerability of public debt to macroeconomic shocks can be reduced by responsible allocation of debt. This article emphasizes some of the best practices of the public debt management and empirically finds the optimal debt allocation for the Czech Republic using Giavazzi and Missale (2004, p. 7) approach. To calibrate the latter, conditional expectations, based on a vector autoregression (VAR) model for the Czech macroeconomy, are used. Using sensitivity analysis, the paper then studies robustness of the empirically determined, optimal government debt allocation for the Czech Republic. (en)
Title	GOVERNMENT DEBT MANAGEMENT IN THE CZECH REPUBLIC: SENSITIVITY ANALYSIS OF THE OPTIMAL ALLOCATION GOVERNMENT DEBT MANAGEMENT IN THE CZECH REPUBLIC: SENSITIVITY ANALYSIS OF THE OPTIMAL ALLOCATION (en)
skos:prefLabel	GOVERNMENT DEBT MANAGEMENT IN THE CZECH REPUBLIC: SENSITIVITY ANALYSIS OF THE OPTIMAL ALLOCATION GOVERNMENT DEBT MANAGEMENT IN THE CZECH REPUBLIC: SENSITIVITY ANALYSIS OF THE OPTIMAL ALLOCATION (en)
skos:notation	RIV/61989100:27510/13:86087263!RIV14-GA0-27510___
http://linked.open...avai/riv/aktivita	P
http://linked.open...avai/riv/aktivity	P(EE2.3.30.0016), P(GAP402/10/1046)
http://linked.open...vai/riv/dodaniDat	2014
http://linked.open...aciTvurceVysledku	Melecký, Aleš
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Vysoká škola báňská - Technická univerzita Ostrava / Ekonomická fakulta
http://linked.open...dnocenehoVysledku	76768
http://linked.open...ai/riv/idVysledku	RIV/61989100:27510/13:86087263
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	Czech Republic.; Sensitivity analysis; VAR model; Optimal debt allocation; Public debt management (en)
http://linked.open.../riv/klicoveSlovo	VAR model Sensitivity analysis Czech Republic. Optimal debt allocation Public debt management
http://linked.open...ontrolniKodProRIV	[3B9E93266404]
http://linked.open...v/mistoKonaniAkce	Šlapanice, Brno-venkov
http://linked.open...i/riv/mistoVydani	Brno
http://linked.open...i/riv/nazevZdroje	Current Trends in Public Sector Research : proceedings of the 17th international conference : Šlapanice, 17-18 January 2013
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...vavai/riv/projekt	Opportunities for young researchers Fiscal Policy and the Czech Economy: Macroeconometric Studies
http://linked.open...UplatneniVysledku	2013
http://linked.open...iv/tvurceVysledku	Melecký, Aleš
http://linked.open...vavai/riv/typAkce	EUR - Evropská
http://linked.open.../riv/zahajeniAkce	2013-01-17 (xsd:date)
number of pages	9 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Masaryk University
https://schema.org/isbn	978-80-210-6159-0
http://localhost/t...ganizacniJednotka	27510

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