Trends and Policies Promoted in Public Debt Management

Lupulescu-Caruntu Roxana Corina (), Caruntu Andreea Laura () and Vezure Oana Sabina
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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

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 2, 525-530

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.

Keywords: public debt; indebtedness; gross domestic product (search for similar items in EconPapers)
JEL-codes: H62 H63 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:525-530

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