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Analysis of Fiscal Policy Measures during 2005 - 2013. The Case of Romania

Author

Listed:
  • Moraru Camelia

    (Academy of Economic Studies, Bucharest)

  • Popovici Norina

    („Ovidius” University, Faculty of Economic Sciences, Constanta)

Abstract

The latest economic and financial crisis highlights the need for fiscal policy to correct macroeconomic imbalances. Although in recent decades, policy makers have resorted to monetary to mitigate external shocks, this time, fiscal policy plays the main role in the context of economic recovery. Fiscal policy is the main tool used by the government to influence the economy, to make changes in taxation and execution of budget expenditures area. Authorities control, through this instrument, macroeconomic variables such as aggregate demand, disposable income, or in other words, overall economic activity, taking into account the business cycle phases.

Suggested Citation

  • Moraru Camelia & Popovici Norina, 2014. "Analysis of Fiscal Policy Measures during 2005 - 2013. The Case of Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 224-228, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:224-228
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/ANALE%20vol%2014%20issue_2_2014.pdf
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    More about this item

    Keywords

    growth; fiscal consolidation; sustenability;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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