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Experiences of the Large Fiscal Adjustments in EU. Romania’s Case

Author

Listed:
  • Cristian SOCOL

    (Bucharest Academy of Economic Studies)

  • Radu SOVIANI

    (Bucharest Academy of Economic Studies)

Abstract

This paper presents the contagion mechanisms of the world financial crisis upon the Romanian economy, the analysis of the way in which the Romanian authorities have reacted during the crisis and the lessons to be learnt subsequently to the encounter with this crisis. Moreover, this work outlines, in a comparative manner, the main macroeconomic effects of the large fiscal adjustments recorded during the last 30 years in EU, as well as viewpoints referring to the fiscal correction in Romania.

Suggested Citation

  • Cristian SOCOL & Radu SOVIANI, 2010. "Experiences of the Large Fiscal Adjustments in EU. Romania’s Case," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(12(553)), pages 21-28, December.
    • Handle: RePEc:agr:journl:v:xvii(2010):y:2010:i:12(553):p:21-28
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    Citations

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    Cited by:

    1. Nchor, Dennis, 2020. "Labour mobility as an adjustment mechanism to asymmetric shocks in Europe : Evidence from the Czech Republic, Hungary, Poland and Slovakia," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 54, pages 1-16.
    2. Tosun, M. Umur & Iyidogan, Pelin Varol & Telatar, Erdinç, 2014. "The Twin Deficits in Selected Central and Eastern European Economies: Bounds Testing Approach with Causality Analysis," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 141-160, June.
    3. Dennis Nchor, 2020. "Labour mobility as an adjustment mechanism to asymmetric shocks in Europe: evidence from the Czech Republic, Hungary, Poland and Slovakia," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 54(1), pages 1-19, December.

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