COMPARATIVE ANALYSIS OF THE EXPERIENCES OF ITALY, JAPAN, AND UZBEKISTAN IN FISCAL STABILITY AND PUBLIC DEBT MANAGEMENT POLICY
DOI:
https://doi.org/10.5281/zenodo.19939383Keywords:
fiscal stability, public debt, public debt management, fiscal policy, monetary policy, fiscal dominance, monetary dominance, budget deficit, fiscal rules, Italian experience, Japanese experience, Uzbekistan experience.Abstract
This article provides a comparative analysis of the theoretical foundations and practical
mechanisms of fiscal stability and public debt management based on the cases of Italy, Japan, and Uzbekistan.
The study evaluates long-term debt sustainability, fiscal-monetary interaction, and the role of institutional factors
in debt dynamics. The research employs FTPL, the Bohn Approach, Cointegration Analysis, Markov-Switching
Models, BOP Analysis, and Threshold-SVAR models. The findings indicate that fiscal stability depends not only
on debt levels but also on institutional quality, policy coordination, and debt structure.
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