Quantitative vs. Qualitative in the Romanian Fiscal Adjustment

Autor:	Cristian SOCOL
Jazyk:	angličtina
Rok vydání:	2012
Předmět:	fiscal adjustment contagion immunization mechanisms Business HF5001-6182 Economic theory. Demography HB1-3840 Economics as a science HB71-74
Zdroj:	Theoretical and Applied Economics, Vol XIX, Iss 2, Pp 5-12 (2012)
Druh dokumentu:	article
ISSN:	1841-8678 1844-0029
Popis:	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.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/826b166b8ebe48618fc4178fdff26463 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF