Innovation science and technologiy Ҷилди 2 № 4 (2026)
COMPARATIVE ANALYSIS OF THE EXPERIENCES OF ITALY, JAPAN, AND UZBEKISTAN IN FISCAL STABILITY AND PUBLIC DEBT MANAGEMENT POLICY
Abdurakhimov, Abror, L. M. Tashpulatova
Аннотатсия
This article provides a comparative analysis of the theoretical foundations and practicalmechanisms 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 factorsin debt dynamics. The research employs FTPL, the Bohn Approach, Cointegration Analysis, Markov-SwitchingModels, BOP Analysis, and Threshold-SVAR models. The findings indicate that fiscal stability depends not onlyon debt levels but also on institutional quality, policy coordination, and debt structure.
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.
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