FISCAL RESPONSIBILITY WITHIN AN UNSTABLE ECONOMIC AND POLITICAL ENVIRONMENT

Autor: Tudor CIUMARA
Jazyk: angličtina
Rok vydání: 2016
Předmět:
Zdroj: Financial Studies, Vol 20, Iss 4, Pp 54-68 (2016)
Druh dokumentu: article
ISSN: 2066-6071
Popis: It is hypothesised that the economic and political environments from Romania are characterized by instability. Also, election cycles represent a major source of volatility for economic policies, particularly for fiscal policy. However, it is very difficult to observe accurately which fiscal proposals/changes have electoral motivations and which are backed by ideologies or technical considerations. The paper presents a theoretical analysis of fiscal responsibility and a conceptual analysis of economic and political stability. The paper is completed by a series of analyses and observations based on the situation of Romania, related to stability and responsibility.
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