Theoretical and Applied Economics
No. 2 / 2012 (567)
Quantitative vs. Qualitative in the Romanian Fiscal Adjustment
Bucharest Academy of Economic Studies
Abstract. As it encountered a fiscal event (budget liquidity crisis) in 2009, Romania should have proceeded to one of the most ambitious fiscal correction in the last 30 years in EU. Nevertheless, the absence of vision regarding the increase in quality of the fiscal adjustment is obvious. The fiscal correction made until now has rather been a quantitative one, falling within certain strictly numerical targets. In this paper, we present a series of signals arguing for the necessity to increase the fiscal quality. Moreover, we propose a few immunization mechanisms of the Romanian economy against the contagion of the current uncertainty in the Euro area or against the future crises.
Keywords: fiscal adjustment; contagion; immunization mechanisms.
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Contents
- Amplification Effects and Unconventional Monetary Policies
Cécile BASTIDON GILLES
Nicolas HUCHET
Philippe GILLES
- Theoretical considerations
about implementation of IAS 41 in Romania
Liliana FELEAGĂ
Niculae FELEAGĂ
Vasile RĂILEANU
- Migration and Tourism Demand
Nuno Carlos LEITÃO
Muhammad SHAHBAZ
- Current Research on Flexibilizing the Labor Market
– first part –
Daniel ȘTEFAN
Costantin ROMAN
- Crisis: a Return to Rationality
Liviu Cătălin MORARU
Iulian TĂNASE
- Assessing the Sectoral Dynamics
of Non-performing Loans:
Signs from Financial and Real Economy
Bogdan MOINESCU
Adrian CODIRLAŞU
- Globalism and Corporate Identity in the Post-crisis Economy
Diana Andreia HRISTACHE
Silvia Elena IACOB
- New Approaches for Monetary Policy
Alexandra ADAM
- The Need of a New Economic Model
Alexandru Cătălin POPA
