ANALYZING THE PUBLIC DEBT SUSTAINABILITY IN EMU

Emilia Campeanu ()

Theoretical and Applied Economics, 2008, vol. 11(528)(supplement), issue 11(528)(supplement), 43-50

Abstract: The issues of assuring public debt sustainability were the subject of numerous political and economical debates. The permanent concern regarding this topic is generated by the fact that this is also an important objective of public finance reforms. This conducted to the necessity to impose fiscal restriction in order to assure budget discipline, to avoid the excessive deficits and to ensure the convergence of countries economy to the European Union. The goal of the paper is to analyze the public debt sustainability in EMU.

Keywords: budget deficit; primary deficit; public debt; sustainability; intertemporal budget constraint. (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:11(528)(supplement):y:2008:i:11(528)(supplement):p:43-50

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