Constitutional Bases of Public Finances in the Central and Eastern European Countries

Network of Institutes and Schools of Public Administration in Central and Eastern Europe, 25th Annual Conference, May 2017

18 Pages Posted: 30 May 2018

See all articles by László Vértesy

László Vértesy

Budapest University of Technology and Economics; National University of Public Service

Date Written: May 5, 2017

Abstract

After the Mortgage-debt Financial Crisis and the European Debt Crisis, some remarkable and significant changes can be identified in public finances. In connection with this, new elements were incorporated into constitutions. The main hypothesis can be formulated as, is there any correlation between the constitutional provisions (or other relevant law sources) and the performance of the economy (GDP growth), sound and sustainable fiscal policy (budgeting, government debt, taxation, audit), furthermore monetary policy (price and exchange rate stability) and national assets. The paper will analyse and compare the 29 NISPAcee countries’ constitutional provisions. The research is based on legal and economic methodology with quantitative approach.

Keywords: Public Finance, Law and Economics, Constitutional Economics

Suggested Citation

Vértesy, László, Constitutional Bases of Public Finances in the Central and Eastern European Countries (May 5, 2017). Network of Institutes and Schools of Public Administration in Central and Eastern Europe, 25th Annual Conference, May 2017. Available at SSRN: https://ssrn.com/abstract=3157175

László Vértesy (Contact Author)

Budapest University of Technology and Economics ( email )

Magyar Tudósok krt. 2.
Budapest, 1117
Hungary

National University of Public Service ( email )

Üllői út 82.
Budapest, 1083
Hungary

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