Public Finance Management Under Demographic Change

Zarządzanie finansami publicznymi w kontekście zmiany demograficznej

Author(s): Irena E. Kotowska,Agnieszka Chłoń-Domińczak / Language(s): Polish / Issue: 1/2012

Keywords: population reproduction; age composition; population ageing; new demography of Europe; public finance; social investment

New demography in Europe, which results from persistent changes in population reproduction patterns, defines a new context for development. The paper starts with a brief description of the main features of the reproduction process over the last 60 years. Then it focuses on future developments in the age composition according to the 2010 population projections by the Eurostat. Referring to the age structures of the 27 member states, both commonalities and differences in trends are taken into account to highlight country-specific effects. Consequences of demographic changes for public finance are then analyzed in the framework of development policy, which puts a special emphasis on social investment. The paper concludes that priorities given to human capital development and optimal use of available labor resources should be reflected in the level and structure of public finance, with a simultaneous reduction of some passive transfers.

The Demoralizing Hypocrisy of the Constitution.A Review of Andrzej Karpiński, Tadeusz Kowalik and Paweł Kozłowski’s Book “Twenty Years of Transition

Demoralizująca hipokryzja konstytucji. Recenzja książki opublikowanej przez Instytut Nauk Ekonomicznych pt.:„Dwudziestolecie polskich przemian. Konser

Author(s): Elżbieta Mączyńska / Language(s): Polish / Issue: 1/2012

Keywords: Review

Review

The Post-Communist Transition: Change of Rules or Overcoming of Chaos? Review of Jan Winiecki’s “The Post-CommunistTransition: A Case Study of Institu

Transformacja postkomunistyczna: czy zmiana zasad, czy likwidacja chaosu? Recenzja książki Jana Winieckiego

Author(s): Urszula Grzelońska / Language(s): Polish / Issue: 1/2012

Keywords: Review

Review

Fiscal Policy During Crisis

Finanse publiczne w kryzysie

Author(s): Piotr Krajewski / Language(s): Polish / Issue: 1/2012

Keywords: fiscal policy; crisis

The article presents the main relationships between the imbalance of public finances and economic fluctuations in Poland. The first part shows the impact of economic slowdown on public finances. Then an inverse relationship is analyzed - fiscal policy impact on GDP. In countries with high public debt expansionary fiscal policy may result in a decline in public debt to GDP ratio, because of the existence of the feedback between fiscal policy and economic fluctuations. However, as follows from the analysis, this unusual situation in the Polish economy does not occur.

New Transnational Budgetary Rules as an Answer to the Public Debt Crisis in the Euro Area

Nowe ponadnarodowe reguły budżetowe odpowiedzią na kryzys zadłużenia publicznego w strefie euro

Author(s): Kamilla Marchewka-Bartkowiak / Language(s): Polish / Issue: 1/2012

Keywords: fiscal rules; euro area; debt crisis; Stability and Growth Pact

The article analyzes new budgetary rules introduced under the reform of economic governance in the euro area in 2011, namely the spending rule and the rule of the debt pace. The author examines the principles of the above rules against the accepted principles of assessment of the effective budgetary rules and in respect to the proposed changes to the Stability and Growth Pact, which have been presented in the literature since the creation of EMU. The second part of the article presents the results of simulation analysis, based on baseline scenarios of the effects of implementing the new budgetary rules in relation to the actual and predicted values of the deficit and public debt, obtained for individual euro area countries. In the study is used the methodology developed by the European Commission and Eurostat data. The results of the analysis indicate that budget rules of the euro area do not fully meet the conditions of the budget construction rules, especially those considering the simplicity of design, limiting exceptions and emergency situations (criterion of transparency), and legal legitimacy. The empirical analysis suggests a possible high efficiency of the new rules of the euro area, conditional, however, on the implementation of the fiscal adjustments in the national reform programs and strengthening mutual control.

The voyage to marginal zones: the Outsider Art

Putivanje ka marginalnim zonama: umjetnost autsajdera

Author(s): Branka Vujanović / Language(s): Bosnian / Issue: 19-20/2006

Keywords: Art Brut; Outsider Art; mentally disabled; psychiatric hospital; psychiatric art; maniac

Art Brut or Outsider Art is art of mental disabled people. Dubuffet wrote studies about psychiatric art and he was a great collectionar that art. He was prefer savage, lonely and a deep subjective advanture in art then tradition art.

Husein-beg (capetan) Gradascevic - Dragon of Bosnia in Bosniac oral and written literature

Husein-beg (kapetan) Gradaščević - Zmaj od Bosne u bošnjačkoj usmenoj i pisanoj književnosti

Author(s): Muhidin Džanko / Language(s): Bosnian / Issue: 19-20/2006

Keywords: literary study; Husein-capetan Gradascevic; Dragon of Bosnia; oral literature; written literature; Bosniac literature

Study about character of Husein-capetan Gradascevic in Bosniac oral and written literature where written literature is a substitution and hybrid of oral literature. Author gave us poetical archetypes literature legend about Husein-capetan Gradascevic.

Symposium Literature meeting in Gradacac: Husein-kapetan Gradascevic as literature inspiration in folk and art literature

Simpozijum Gradačačkih književnih susreta: Husein-kapetan Gradaščević kao literarna inspiracija u narodnoj i umjetničkoj književnosti

Author(s): Nihad Agić,Mirsad Kunić,Nijaz Alispahić,Vedad Spahić,Muhidin Džanko,Osman Halilović,Munib Maglajlić / Language(s): Bosnian / Issue: 19-20/2006

Keywords: Symposium Literature meeting in Gradacac; Husein-kapetan Gradascevic; literary study

Poetical, ethnical-historical and ideological aspects of imagological conceptionc in novel "Dragon of Bosnia" by Josip Eugen Tomic

Poetički, etničko-povijesni i ideološki aspekti imagoloških predodžbi u romanu "Zmaj od Bosne" Josipa Eugena Tomića

Author(s): Vedad Spahić,Osman Halilović / Language(s): Bosnian / Issue: 19-20/2006

Keywords: literary study; Husein-kapetan Gradascevic; Josip Eugen Tomić; novel "Dragon of Bosnia"/Zmaj od Bosne/

Study about poetical, ethnical-historical and ideological aspects of imagological conceptionc in novel "Dragon of Bosnia" by Josip Eugen Tomic. The focus of this study is on the romanesque image of Husein-kapetan Gradascevic as the middle figure of thematic historical events and character of Bosnian Muslims and theirs way of living.

The remembrance of the hurt

Pamćenje uvrede

Author(s): Primo Levi / Language(s): Bosnian / Issue: 19-20/2006

Keywords: Essay

Essay about Jewess in the nazicamp Auschwitz

The character of Husein-kapetan Gradascevic in drama "The Brother spite" by Pavle Krstinic

Lik Husein-bega Gradaščevića u drami Pavla Krstinića "Bratski inat"

Author(s): Munib Maglajlić / Language(s): Bosnian / Issue: 19-20/2006

Keywords: literary study; Husein-kapetan Gradascevic; Pavle Krstinić; "Bratski inat"/The Brother spite/

Study about historical drama "The Brother spite" by Pavle Krstinic where writer gave us description political relationship between nations in Bosnia and Herzegovina in the first part of 19 century.

What is that - a Necropolicy?

Šta je to - nekropolitika?

Author(s): Esad Zgodić / Language(s): Bosnian / Issue: 19-20/2006

Keywords: Necrophilism; Necrophilia; Politics; Nation; State; Nationalism; Fascism; Nazism in Germany; Hitler; Cult of History; Mass Killing; Genocide; Militarism

Necropolicy is a politics of death and mass killing. Each nations have community of work and community of history. Necropolicy is triumpf of history in one nation. As example, author gives us madness of nazism in Germany and in politics of Hitler. That is politics of death and selfsuicide.

Too short has been the night

Prekratka bijaše noć

Author(s): Abelardo Linares / Language(s): Bosnian / Issue: 19-20/2006

Keywords: poem

Vladan Desnica, universal comprehension of the world

Vladan Desnica, univerzalno poimanje sveta

Author(s): Zoran Bognar / Language(s): Serbian / Issue: 19-20/2006

Keywords: literary study; Vladan Desnica (1905-1967);

Literary study about literature of Vladan Desnica, a writer who brought new and modern realistical, critical and analytic style of narration. The quality of his narration is in the vision of life and transformation of psychological structure of prose.

I am disgusting from somebody in the audience

Gade mi se neki iz publike

Author(s): Milan Fošner / Language(s): Bosnian / Issue: 19-20/2006

Keywords: Poems

Guide for the soak on public places = Upute za opijanje na javnom mjestu; The first car of mine = Moj prvi automobil; I am disgusting some from the audience = Gade mi se neki iz publike; All that guest performances by small towns = Sva ta gostovanja po malim gradovima; Are you awfull good, aren't you? = Užasno vam je dobro, zar ne!?; Severina on my mind

The Actor and the Witness, author of the monography

Akter i svjedok, autor monografije

Author(s): Atif Kujundžić / Language(s): Bosnian / Issue: 19-20/2006

Keywords: review; Esad Sarajlić: "Gradacac since 1945 until 1991" / Gradačac od 1945. do 1991./; monography

Review of the monography "Gradacac since 1945 until 1991" by Esad Sarajlic, published 2003 in Gradacac.

When travels write out us

Kad nas ispišu putovanja

Author(s): Ljubica Ostojić / Language(s): Bosnian / Issue: 19-20/2006

Keywords: poems: The Caryatide (Karijatida); The Danger (Opasnost); In the bottom of the night (U dnu noćnom); Faces (Lica); Writting; it means that (Pisati; dakle)

Bohumil Pavlu

Bohumil Pavlu

Author(s): Adin Ljuca / Language(s): Bosnian / Issue: 19-20/2006

Keywords: prose; fiction

From editor notebook by Almir Zalihic

Iz uredničke bilježnice Almira Zalihića

Author(s): Almir Zalihić / Language(s): Bosnian / Issue: 19-20/2006

Keywords: review of books by Bosnian authors

Šaban Šarenkapić: "Selected poems" / Izabrane pjesme, published in Sarajevo, 2005. Rajko Đurica:"When did dead men ate a rain" / Kad su mrtvi jeli kišu, published in Sarajevo, 2005. Bisera Suljić-Boškailo: "The Villas wheel and other loves" / Vilino kolo i druge ljubavi, published in Sarajevo, 2005. Irfan Horozović: "Quadriga", published in Sarajevo, 2006. Amir Brka: "The Perido of happy towns" / Vrijeme sretnih gradova, published in Sarajevo, 2005. Dubravka Brajković: "The way of heart" / Put srca, published in Mostar, 2006

Poetry is, still, art of words

Poezija je ipak umjetnost riječi

Author(s): Ivan Kordić,Mile Stojić / Language(s): Bosnian / Issue: 19-20/2006

Keywords: interview; Ivan Kordić; poetry

Interview with poet Ivan Kordić conversed by Mile Stojić about his literature award and jubilee his literature works.