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.
Contents
Quantitative vs. Qualitative in the Romanian Fiscal Adjustment
Amplification Effects and Unconventional Monetary Policies
Theoretical considerations about implementation of IAS 41 in Romania
Migration and Tourism Demand
Current Research on Flexibilizing the Labor Market – first part –
Crisis: a Return to Rationality
Assessing the Sectoral Dynamics of Non-performing Loans: Signs from Financial and Real Economy
Globalism and Corporate Identity in the Post-crisis Economy
New Approaches for Monetary Policy
The Need of a New Economic Model