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Impact Of Fiscal Policy On The Economic Cycle In Romania

Author

Listed:
  • Paul Cosmin Alin ENÃCHESCU

    (University of Craiova, Romania)

Abstract

The goal of this study consists of carrying out a qualitative and quantitative analysis that should highlight the impact of the fiscal policy on the economic cycle in Romania. The work proposes the realization of an economic table with an accent on the concept of fiscal policy and the corelation of this concept with the cyclic evolution. To be explained and interpreted to the failure of predictable linearity, it is necessary to define and classify the types of fiscal policy. Following economic globalization and synchronization, the economic cycles are subscribed to a convergence proces, driving the world, regional and romanian economy. Being different in intensity, we can say that cyclic floats are determined by factors related to the normal functioning of economic activity, by the interdependeces between its components and this is regulary reflected on the gross domestic product and the amount of tax revenue.

Suggested Citation

  • Paul Cosmin Alin ENÃCHESCU, 2020. "Impact Of Fiscal Policy On The Economic Cycle In Romania," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 19(3), pages 169-176.
    • Handle: RePEc:pts:journl:y:2020:i:3:p:169-176
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    References listed on IDEAS

    as
    1. Linda Kole, 1988. "Expansionary Fiscal Policy and International Interdependence," NBER Chapters, in: International Aspects of Fiscal Policies, pages 229-272, National Bureau of Economic Research, Inc.
    2. M. Bussière & L. Ferrara & M. Juillard & D. Siena, 2017. "Can Fiscal Budget-Neutral Reforms Stimulate Growth? Model-Based Results," Working papers 625, Banque de France.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economic policy; Financial policy; Fiscal policy; Tax revenue; Economic cycle.;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • 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

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