"4" . . "Mimorozpo\u010Dtov\u00E9 d\u016Fvody r\u016Fstu ve\u0159ejn\u00E9ho zadlu\u017Een\u00ED"@cs . "1"^^ . "Public debt; Budget Deficit; Stock-Flow Adjustment"@en . . "Mimorozpo\u010Dtov\u00E9 d\u016Fvody r\u016Fstu ve\u0159ejn\u00E9ho zadlu\u017Een\u00ED"@cs . "Mimorozpo\u010Dtov\u00E9 d\u016Fvody r\u016Fstu ve\u0159ejn\u00E9ho zadlu\u017Een\u00ED" . . . . "Off-Budgetary Reasons of the Growing Public Indebtedness"@en . "1"^^ . "2010" . "Off-Budgetary Reasons of the Growing Public Indebtedness"@en . . "Interpretace vztahu mezi rozpo\u010Dtov\u00FDm deficitem a ve\u0159ejn\u00FDm dluhem je v standardn\u00ED ekonomick\u00E9 teorii zalo\u017Eena na jednostrann\u00E9 kauzalit\u011B, kde vl\u00E1dn\u00ED dluh vznik\u00E1 v d\u016Fsledku hromad\u011Bn\u00ED rozpo\u010Dtov\u00FDch schodk\u016F. Logika v\u00FDvoje ve\u0159ejn\u00E9ho dluhu je v tomto p\u0159\u00EDstupu, jednozna\u010Dn\u011B ur\u010Dena ukazateli ve\u0159ejn\u00FDch financ\u00ED, kter\u00E9 jsou sledov\u00E1ny Evropsk\u00FDm parlamentem v pr\u016Fb\u011Bhu fisk\u00E1ln\u00EDho roku. Hlavn\u00EDm c\u00EDlem tohoto p\u0159\u00EDsp\u011Bvku je zd\u016Fraznit, \u017Ee ve skute\u010Dnosti je v\u00FDvoj ve\u0159ejn\u00E9ho dluhu v\u00FDznamn\u011B ovlivn\u011Bn mimorozpo\u010Dtov\u00FDmi faktory. Prezentovan\u00E9 v\u00FDsledky potvrzuj\u00ED hypot\u00E9zu, \u017Ee vliv dynamiky dluhu na v\u00FDvoj dluhu / HDP v \u0159ad\u011B p\u0159\u00EDpad\u016F p\u0159ekon\u00E1v\u00E1 vliv rozpo\u010Dtov\u00E9 rovnov\u00E1hy. Tento trend v\u00FDrazn\u011B zesiluje v obdob\u00ED finan\u010Dn\u00ED krize v souvislosti s masivn\u00EDm posunem v dluhov\u00E9m zat\u00ED\u017Een\u00ED, vyskytuj\u00EDc\u00ED se sou\u010Dasn\u011B."@cs . . "[8E19EAE3EBEB]" . "RIV/26138077:_____/10:#0000174" . . "RIV/26138077:_____/10:#0000174!RIV11-GA0-26138077" . . . "Interpretace vztahu mezi rozpo\u010Dtov\u00FDm deficitem a ve\u0159ejn\u00FDm dluhem je v standardn\u00ED ekonomick\u00E9 teorii zalo\u017Eena na jednostrann\u00E9 kauzalit\u011B, kde vl\u00E1dn\u00ED dluh vznik\u00E1 v d\u016Fsledku hromad\u011Bn\u00ED rozpo\u010Dtov\u00FDch schodk\u016F. Logika v\u00FDvoje ve\u0159ejn\u00E9ho dluhu je v tomto p\u0159\u00EDstupu, jednozna\u010Dn\u011B ur\u010Dena ukazateli ve\u0159ejn\u00FDch financ\u00ED, kter\u00E9 jsou sledov\u00E1ny Evropsk\u00FDm parlamentem v pr\u016Fb\u011Bhu fisk\u00E1ln\u00EDho roku. Hlavn\u00EDm c\u00EDlem tohoto p\u0159\u00EDsp\u011Bvku je zd\u016Fraznit, \u017Ee ve skute\u010Dnosti je v\u00FDvoj ve\u0159ejn\u00E9ho dluhu v\u00FDznamn\u011B ovlivn\u011Bn mimorozpo\u010Dtov\u00FDmi faktory. Prezentovan\u00E9 v\u00FDsledky potvrzuj\u00ED hypot\u00E9zu, \u017Ee vliv dynamiky dluhu na v\u00FDvoj dluhu / HDP v \u0159ad\u011B p\u0159\u00EDpad\u016F p\u0159ekon\u00E1v\u00E1 vliv rozpo\u010Dtov\u00E9 rovnov\u00E1hy. Tento trend v\u00FDrazn\u011B zesiluje v obdob\u00ED finan\u010Dn\u00ED krize v souvislosti s masivn\u00EDm posunem v dluhov\u00E9m zat\u00ED\u017Een\u00ED, vyskytuj\u00EDc\u00ED se sou\u010Dasn\u011B." . "CZ - \u010Cesk\u00E1 republika" . . "Dvo\u0159\u00E1k, Pavel" . "271475" . "0032-3233" . . "Politick\u00E1 ekonomie" . "P(GA402/08/1134)" . "Mimorozpo\u010Dtov\u00E9 d\u016Fvody r\u016Fstu ve\u0159ejn\u00E9ho zadlu\u017Een\u00ED" . . . . "19"^^ . "The interpretation of the relation between a budget deficit and a government debt in the standard economic theory is based on its unilateral causality, where the government debt comes into being due to the accumulation of budget deficits. The logic of the development of the government indebtedness is, in this approach, unambiguously determined by public finance processes monitored by Parliament in the framework of the course of fiscal years. The main objective of this paper is to stress that in reality the development of government indebtedness is significantly influenced by off-budgetary factors. The presented results endorse the hypothesis that the influence of stock-flow adjustment on the development of the debt/GDP ratio in a number of cases surpasses the influence of the budget balance. This trend significantly amplifies in the period of a financial crisis in context of the massive shift of the debt burden, occurring in the course of them."@en .