114-0912/01 – Fiscal policy and debt management (FP)

Gurantor departmentDepartment of EconomicsCredits10
Subject guarantordoc. Dr. Ing. Jan LibichSubject version guarantordoc. Dr. Ing. Jan Libich
Study levelpostgraduateRequirementChoice-compulsory type B
YearSemesterwinter + summer
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
LIB009 doc. Dr. Ing. Jan Libich
MAH11 prof. Ing. Martin Macháček, Ph.D. et Ph.D.
MEL044 doc. Ing. Aleš Melecký, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 28+0
Part-time Examination 28+0

Subject aims expressed by acquired skills and competences

- comprehension of modern dynamic approach to fiscal policy - capability to contrast the economic impact of discretionary and rule-based fiscal policies, their benefits and risks - comprehension of non-orthodox fiscal theories of inflation and recession - capability to analyze the impact of economic policies by sub-central governments on macroeconomic aktivity - comprehension of modern methods of public debt management and its economic impact

Teaching methods

Lectures
Individual consultations

Summary

Předmět tematicky navazuje na magisterské předměty věnované fiskální teorii a politice, prezentované neokeynesovským způsobem v souladu s koncepcí veřejné ekonomie R. Musgravea. Cílem předmětu je seznámit studenty s moderním, dynamickým pojetím fiskální politiky vycházejícím z neoklasických základů, a se souvisejícími konkrétními problémy z oblastí výdajových, daňových a dluhových politik, zaměřených na stabilizaci a stimulaci makroekonomického vývoje. Pozornost je též věnována vlivu institucionálního uspořádání ve fiskální sféře na makroekonomický vývoj.

Compulsory literature:

BANK FOR INTERNATIONAL SETTLEMENTS. Fiscal Policy, Public Debt and Monetary Policy in Emerging Market Economies. BIS No 67, Monetary and Economic Department, 2012. 356 p. ISBN 92-9131-152-9 (print), 92-9197-152-9 (online). KOPCKE, Richard W., TOOTELL, Geoffrey M.B. and Robert K. TRIEST (eds.). The Macroeconomics of Fiscal Policy. Cambridge, Mass.: MIT Press, 2006. 383 p. ISBN 02-6211-295-7. MAKIN, Anthony. The Limits of Fiscal Policy. Palgrave Pivot. 2018. 134 p. ISBN 978-3-319-90157-2.

Recommended literature:

BURGER, Philippe. Sustainable Fiscal Policy and Economic Stability: Theory and Practice. Cheltenham: Edward Elgar, 2004. 232 p. ISBN 978-1843766322. MISSALE, Alessandro. Public Debt Management. Oxford: Oxford University Press, 2000. 320 p. ISBN 978-0198290858. RABIN, Jack and Glenn L. STEVENS (eds.). Handbook of Fiscal Policy. London: Routledge, 2002. 856 p. ISBN 978-0824707736.

Way of continuous check of knowledge in the course of semester

E-learning

Other requirements

no other requirements

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

nutno doplnit, nutno doplnit

Conditions for subject completion

Part-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination  
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (P0311D050003) Economics P Czech Ostrava Choice-compulsory type B study plan
2020/2021 (P0311D050003) Economics K Czech Ostrava Choice-compulsory type B study plan
2019/2020 (P0311D050003) Economics P Czech Ostrava Choice-compulsory type B study plan
2019/2020 (P0311D050003) Economics K Czech Ostrava Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner