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Causes, Consequences and Ways of Financing the Budget Deficit

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  • Ramona Mariana Calinica

    (Dunarea de Jos University of Galati, Romania)

Abstract

In recent decades the budget deficit has become an increasingly common and pronounced feature of the economies of different countries in the world economy. The purpose of this article is to identify the causes, consequences and ways of financing the budget deficit and to analyze the evolution of this indicator in Romania compared to the average of the European Union and the Euro Zone, between 2009-2018.

Suggested Citation

  • Ramona Mariana Calinica, 2019. "Causes, Consequences and Ways of Financing the Budget Deficit," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 506-509.
    • Handle: RePEc:ddj:fserec:y:2019:p:506-509
    DOI: 10.35219/rce2067053259
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    References listed on IDEAS

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    1. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1994. "Generational Accounting: A Meaningful Way to Evaluate Fiscal Policy," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 73-94, Winter.
    2. David Romer, 1988. "What Are the Costs of Excessive Deficits?," NBER Chapters, in: NBER Macroeconomics Annual 1988, Volume 3, pages 63-110, National Bureau of Economic Research, Inc.
    3. Eisner, Robert, 1984. "Which Budget Deficit? Some Issues of Measurement and Their Implications," American Economic Review, American Economic Association, vol. 74(2), pages 138-143, May.
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