PUBLIC FINANCE AND DEBT POLICY IN THE CONTEXT OF MODERNIZATION OF THE EU ECONOMIC POLICY
EU経済政策の近代化における財政と債務政策 (AI 翻訳)
Serhii Petrukha, Nina Petrukha, Roman Miakota, Vadym Gubanov, Maksym Miakota
🤖 gxceed AI 要約
日本語
本論文は、欧州グリーンディール下での財政持続可能性、債務政策、経済近代化の関連を分析。公的債務と財政政策が財政不安定化に寄与するかを評価し、循環経済指標を統合した実証モデルを開発。シナリオ予測では、循環性24%、債務GDP比80%で財政持続可能性指数0.98-1.00を達成可能と示す。EUの2028-2034年財政枠組みへの示唆を提供。
English
This paper analyzes the links between fiscal sustainability, debt policy, and economic modernization under the European Green Deal. It develops an integrated empirical model combining public debt, fiscal sustainability, and circular economy indicators. Scenario forecasting suggests that circularity at 24% and public debt at 80% of GDP could achieve a fiscal sustainability index of 0.98-1.00 by 2030. Provides implications for EU fiscal rules and the 2028-2034 financial framework.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本の財政・金融政策担当者にとって、グリーン変革と財政持続可能性を統合したモデルは参考になる。ただし、EU特有の制度文脈が強く、日本のSSBJや有報制度との直接的な接点は薄い。日本でもグリーントランスフォーメーション（GX）推進に伴う財政負担が課題となる中、財政ルールと環境政策の整合性を検討する際の示唆が得られる。
In the global GX context
This paper contributes to global discourse on aligning fiscal policy with climate goals, particularly under the European Green Deal. It offers an empirical model that integrates circular economy indicators into fiscal sustainability assessment, which is relevant for policymakers designing green transition strategies and debt sustainability frameworks. The findings support updating fiscal rules to incorporate environmental objectives, a topic of growing interest in global fiscal governance.
👥 読者別の含意
🔬研究者:Provides an integrated empirical model linking fiscal sustainability and circular economy indicators, useful for further research on green fiscal policy.
🏢実務担当者:Limited direct application for corporate sustainability teams, but offers macro-level context for understanding EU policy direction.
🏛政策担当者:Relevant for fiscal and environmental policymakers in the EU and internationally, offering evidence for integrating environmental and fiscal instruments.
📄 Abstract（原文）
This article examines the systemic links between fiscal sustainability, debt policy, and the modernization of economic policy under the European Green Deal. It addresses two interrelated processes: ensuring debt security and financial stability amid growing fiscal imbalances caused by COVID-19, military expenditures, and the energy crisis, and advancing structural reforms aligned with the Green Deal agenda. The study assesses whether public debt and fiscal policy contribute to fiscal unsustainability and evaluates the impact of circular economy pressures on strengthening public balance sheets. The research employs a systemic institutional economic analysis based on official statistics from Eurostat, the European Commission. The scientific novelty of the study lies in the development of an integrated empirical model that simultaneously captures the interaction between public debt, fiscal sustainability, and circular economy indicators. Unlike existing approaches, which predominantly examine these factors in isolation, the proposed model provides a quantitative assessment of their combined effect on fiscal stability in the European Union. Scenario forecasting suggests that if circularity increases to 24% and public debt declines to 80% of GDP by 2030, the fiscal sustainability index could reach 0.98–1.00. The results support updating fiscal rules, refining debt policy, and developing a balanced public financial management model within the EU's 2028–2034 financial framework, demonstrating that financial stability and environmental transformation are mutually reinforcing pillars of sustainable development. The findings are particularly valuable for policymakers of EU institutions, national fiscal authorities, and public finance regulators, as well as for international financial organizations involved in designing debt sustainability strategies and green transition policies, since they provide an empirical basis for integrating environmental and fiscal instruments into a coherent macroeconomic governance framework.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.55643/fcaptp.3.68.2026.5221first seen 2026-08-04 04:45:35
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