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Trends and Policies Promoted in Public Debt Management

Author

Listed:
  • Lupulescu-Caruntu Roxana Corina

    (“Constantin Brancusi” University of Tirgu-Jiu Faculty of Economics and Business Administration)

  • Caruntu Andreea Laura

    (“Constantin Brancusi” University of Tirgu-Jiu Faculty of Economics and Business Administration)

  • Vezure Oana Sabina

    (“Constantin Brancusi” University of Tirgu-Jiu Faculty of Economics and Business Administration)

Abstract

The world economy has faced in the last decades a series of imbalances, being seriously affected by the crisis which began in 2008. The recovery has proved more difficult than anticipated, recording a number of issues related to inflation, unemployment, budget deficit and public debt. Many states have adopted measures inconsistent with the reality, which aggravated the imbalances of the crisis. The option for drastic reduction of public expenditure has not had the desired effect. From the analysis of the countries that implemented such a policy excessively was concluded that they were those that experienced the lowest growth. Romania was, unfortunately, within in this category, which generated a series of macroeconomic difficulties.

Suggested Citation

  • Lupulescu-Caruntu Roxana Corina & Caruntu Andreea Laura & Vezure Oana Sabina, 2014. "Trends and Policies Promoted in Public Debt Management," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 525-530, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:525-530
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    More about this item

    Keywords

    public debt; indebtedness; gross domestic product;
    All these keywords.

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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