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Harmonization of Monetary and Fiscal Policies. Mix or Separation? An Overview of Romania’s Economic Reality Between 2000 - 2013

Author

Listed:
  • Liparã Daniel

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

  • Dãnilã Alexandra

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

Abstract

In this paper we tried to present an overview of the impact that monetary and fiscal policies had on Romanian economy between 2000 - 2013. We searched about the importance of separation or combination between the two most important macroeconomic policies. How did the fiscal authority answer through its fiscal policy to the monetary actions adopted by NBR? Is there an interdependence between them, or there is really a separation? Without any doubt, as it will result in the final, the need to approach simultaneously the two policies mentioned above is a condition for achieving economic balance ans, so, macroeconomic stability.

Suggested Citation

  • Liparã Daniel & Dãnilã Alexandra, 2015. "Harmonization of Monetary and Fiscal Policies. Mix or Separation? An Overview of Romania’s Economic Reality Between 2000 - 2013," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 797-802, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:1:p:797-802
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    More about this item

    Keywords

    monetary policy; fiscal policy; economic growth; inflation; stability.;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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