
Publication
PUBLIC DEBT AND THE EFFICIENCY OF FISCAL AND MONETARY POLICY1
(STEF92 Technology, 2017, J. Lisy)
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The government deficit and public debt are always a negative economic phenomenon as a consequence of non-compliance with fiscal discipline. Chronically recurring deficits and consequently resulting debts are the current topic discussed by theoretical and economic-political authorities. The Maastricht Treaty and the Stability and Growth Pact stipulate that the government deficit should not exceed 3 % of GDP and the public debt is considered excessive if it is higher than 60 % of GDP. The growth of the government de...
SOCIAL SCIENCES: Section Economics and Finance2017
