Artikel

Arguments in the debate austerity versus growth in Romania

The fiscal policy response to the consequences of the financial and economic crisis consisted either in adopting expansionary policies to stimulate the aggregate demand, or in promoting fiscal consolidation programs designed to restore the sustainability of the public finances. This paper examines the options of the Romanian authorities regarding the fiscal policy decisions in the immediate aftermath of the crisis, and subsequently as the fiscal consolidation program initiated in 2010 has advanced. The paper concludes that the advantages and disadvantages of both approaches cannot be analyzed without taking into account the short-term constraints and the solution adopted by the policymakers, namely to realize the fiscal adjustment was inevitable.

Sprache
Englisch

Erschienen in
Journal: Romanian Journal of Fiscal Policy (RJFP) ; ISSN: 2069-0983 ; Volume: 6 ; Year: 2015 ; Issue: 1 ; Pages: 54-62 ; Bucharest: Editura ASE

Klassifikation
Wirtschaft
Fiscal Policy
Crisis Management
National Budget, Deficit, and Debt: General
Thema
fiscal consolidation
economic growth
crisis management

Ereignis
Geistige Schöpfung
(wer)
Dumitrescu, Bogdan Andrei
Ereignis
Veröffentlichung
(wer)
Editura ASE
(wo)
Bucharest
(wann)
2015

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Dumitrescu, Bogdan Andrei
  • Editura ASE

Entstanden

  • 2015

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