Theoretical and Applied Economics
No. 11 / 2013 (588)
Between fiscal discipline and economic recovery. The solutions problem
The Bucharest University of Economic Studies
George ŞTEFAN
The Bucharest University of Economic Studies
Abstract. In this study we proposed a comparative analysis of the effect of the measures taken in seven European countries, which were aimed the fiscal consolidation, in correlation with monetary policy and economic recovery. The selected countries have been systematized into two groups: first group includes states that have signed agreements with international financial institutions (Romania, Ireland, Greece and Portugal) and the second group contains countries which, even if not directly assisted in the international funding programs, have take a several adjustment measures (Italy, Spain and France). In the same time, we keep in mind during the analysis the trade-off between fiscal discipline and sustainable economic recovery.
Keywords: fiscal consolidation; economic recovery; adjustment measures; monetary policy; international funding.
Contents
- Specific patterns in portfolio analysis
Gabriela Victoria ANGHELACHE
Mădălina Gabriela ANGHEL
- A turnpike theorem involving a modified Golden Rule
Darong DAI
Kunrong SHEN
- General aspects regarding the evolution of GDP in Romania
Constantin ANGHELACHE
Alexandru MANOLE
Georgian ŞERBAN
Andreea Gabriela BALTAC
Adina Mihaela DINU
- Interday drifts in opening stock returns
Andrey KUDRYAVTSEV
- Entrepreneurship among higher education graduates in 13 European countries
Ana-Maria ZAMFIR
Eliza-Olivia LUNGU
Cristina MOCANU
- Innovative methods to analyze the stock market
in Romania. Studying the volatility of the Romanian
stock market with the ARCH and GARCH models
using the “R” software
Antoniade-Ciprian ALEXANDRU
Nicoleta CARAGEA
Ana-Maria DOBRE
- Anomalies on the capital markets from the former communist European countries
Dragoş Ştefan OPREA
- Prerequisites for modeling price and return data series
for the Bucharest Stock Exchange
Andrei TINCA
- Between fiscal discipline and economic recovery. The solutions problem
Anca Maria GHERMAN
George ŞTEFAN
- Origin of the product and the buying decision
Cristina VEITH
Costin LIANU