Theoretical and Applied Economics
No. 2 / 2008 (519)
Fiscal Policy Stance in the Euro Area
Academia de Studii Economice, Bucuresti
Abstract. The budgetary position in the euro area and the EU improved significantly in 2007 compared to the previous year. The headline deficit declined to 1.6 % of GDP in 2006 and 1.1 % of GDP in 2007, down from 2.5% of GDP in 2005. The structural budget deficit diminished from 2% of GDP in 2005 to 0.8% in 2007, reflecting a restrictive fiscal policy in euro area. The fiscal policy became pro-cyclically because the economy of euro area is characterized by a slightly negative output-gap (estimated at 0.2% of potential GDP in 2007).
Contents
The Processual Programming Essentials – Criticism and New Options
“Globalisation of Corruption” and Development of the Binom “Corruption – Public Integrity” in the Context of Romania Integration into the European Union
Fiscal Policy Stance in the Euro Area
Determining the Efficiency Frontier
Considerations Regarding the Conflict Management
Typological Analysis of Buying Actions
The Competitiveness of Romanian Services Exports
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