HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)


Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 3 / 2012 (568)

Estimation of the Mechanisms for Automatic Fiscal Stabilization. The Romanian Case

Aura Gabriela SOCOL
Bucharest Academy of Economic Studies
Cristian SOCOL
Bucharest Academy of Economic Studies

Abstract. The set of fiscal rules within the Euro area are based on the functionality of the automatic stabilizers as a main instrument of the fiscal stabilization. This non-discretionary approach should guarantee that the evolution of the current budget deficit is anti-cyclic and thus it should contribute to the economic stability. According to the Convergence Program submitted to the European Commission, Romania proposes to access the Euro area in 2015. For this reason, the assessment of the automatic fiscal stabilization mechanism for the Romanian economy is essential, under the terms in which the adjustment mechanisms (possibly alternative) – at the markets' level are poor. This study makes an estimation for the extent of the automatic stabilizers for Romania, with the purpose of assessing the macroeconomic stabilizing role of the Romanian fiscal policy during the period 2000-2010, by using the official methods of the International Monetary Fund and of the European Commission.

Keywords: fiscal policy; automatic stabilizers; rules versus discretion.

Download the full article:  


Silent Confusions
Marin Dinu

Open acces




The Economicity. The Epistemic Landscape, Marin Dinu, 2016


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România (AGER) / General Association of Economists From Romania  (GAER)
Redacția: 010702, București, Calea Griviței nr. 21, sector 1, E-mail:

© 2006-2024 AGER