IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxvy2015i2p146-149.html
   My bibliography  Save this article

Estimated Reaction Function of Fiscal Policy in Romania

Author

Listed:
  • Camelia Moraru

    ("Dimitrie Cantemir" Christian University, Constanta)

  • Norina Popovici

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

Abstract

Romanian fiscal policy effectiveness can be assessed using fiscal policy reaction function, which follows the reaction of the structural budget balance to the recorded changes of indebtedness, output gap and to their previous values. In economic literature, the reaction function is the most relevant method of testing the sustainability of public finances. Estimated reaction function using Cyclically Adjusted Balance model showed that in the period analyzed in Romania as promoted a procyclical fiscal policy and in the decision process, the fiscal policy decision-makers do not take into account past performance of structural budget deficit indicator.

Suggested Citation

  • Camelia Moraru & Norina Popovici, 2015. "Estimated Reaction Function of Fiscal Policy in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 146-149, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:2:p:146-149
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2015/i2/ANALE%20vol%2015%20issue_2_2015_site.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ionela Munteanu, 2020. "Financial Reporting Quality and Operational Efficiency in the Coastal Region of Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 978-984, December.

    More about this item

    Keywords

    fiscal policy; structural budget deficit; output gap.;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xv:y:2015:i:2:p:146-149. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.