The recent economic and financial crisis emphasized the vulnerabilities at international level and among them is the public debt. The aim of this paper is to analyse the debt Laffer curve for Romania's case to see if country suffer from debt overhang. Data on public debt for the period 2013 -...

In recent contributions, Weizs cker (2014) and Summers (2014) maintain that mature economies accumulate too much capital. They suggest large and lasting public deficits as a remedy. This paper argues that overaccumulation cannot occur in an economy with land. It presents novel data of aggregate...