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J. Lisy

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4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017
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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
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