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Approaches Of Public Finance Sustainability Taking Into Account The Current Economic Context

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  • ADAM, Alexandra

    (The Bucharest University of Economic Studies, Department of Economics and Economic Policies)

Abstract

The paper aims to emphasize the approaches of public finance sustainability in the new context created as a result of the fiscal pressures exhibited worldwide, both in advanced and emerging economies. The analysis highlights the need to address public debt sustainability both in terms of deterministic analysis that consider alternative scenarios not only in terms of interest rate, exchange rate, primary balance, economic growth shocks, but also contingent liabilities shocks and in terms of stochastic analysis for a better quantification of the economic agents reactions to changes of public debt level.

Suggested Citation

  • ADAM, Alexandra, 2015. "Approaches Of Public Finance Sustainability Taking Into Account The Current Economic Context," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 19(1), pages 93-101.
  • Handle: RePEc:vls:finstu:v:19:y:2015:i:1:p:93-101
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    References listed on IDEAS

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    Cited by:

    1. Mihaela Tofan & Mihaela Onofrei & Anca-Florentina Vatamanu, 2020. "Fiscal Responsibility Legal Framework—New Paradigm for Fiscal Discipline in the EU," Risks, MDPI, Open Access Journal, vol. 8(3), pages 1-18, July.

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    More about this item

    Keywords

    public debt; alternative scenarios; shocks; fiscal burden indicators;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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