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Approaches on the Vulnerability of Romania's Economy in Terms of Budget Deficit and Inflation in a Continuous Form

Author

Listed:
  • Monica Laura Zlati

    (Stefan cel Mare University, Suceava, Romania)

  • Valentin Marian Antohi

    (Dunarea de Jos University of Galati, Romania)

  • Romeo Victor Ionescu

    (Dunarea de Jos University of Galati, Romania)

Abstract

The current conjecture of Romania's economy is marked by profound changes in fiscal and economic policy, with inconsistent effects of economic strategies at micro and macro levels, with repercussions in the evolution of efficiency indicators of the Consolidated General Budget. The paper is focused on identifying the current vulnerabilities of the national economy by building an econometric model, starting to the Consolidated General Budget’s revenues and expenditures evolution during 2014-2018. The research methods cover: literature review, database analysis, their consolidation and the conceptualization of an econometric fiscal model. The results of the analysis have diagnosed the stage of economic and financial pre-crisis in Romania.

Suggested Citation

  • Monica Laura Zlati & Valentin Marian Antohi & Romeo Victor Ionescu, 2019. "Approaches on the Vulnerability of Romania's Economy in Terms of Budget Deficit and Inflation in a Continuous Form," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 128-137.
    • Handle: RePEc:ddj:fserec:y:2019:p:128-137
    DOI: 10.35219/rce2067053213
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    References listed on IDEAS

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