APPROACHES OF PUBLIC FINANCE SUSTAINABILITY TAKING INTO ACCOUNT THE CURRENT ECONOMIC CONTEXT

Alexandra Adam
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Alexandra Adam: The Bucharest University of Economic Studies, Department of Economics and Economic Policies

Studii Financiare (Financial Studies), 2015, vol. 19, issue 1, 93-101

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.

Keywords: public debt; alternative scenarios; shocks; fiscal burden indicators (search for similar items in EconPapers)
JEL-codes: E62 H63 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:19:y:2015:i:1:p:93-101

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