AN ASSESSMENT OF THE CHARACTERISTICS OF THE FISCAL POLICY IN RELATION TO THE FLIGHTS OF THE ECONOMIC CYCLE IN ROMANIA, IN THE PERIOD 2007 - 2020

Ionel Leonida ()
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Ionel Leonida: Victor Slavescu Centre for Financial and Monetary Research, Bucharest, Romania

Contemporary Economy Journal, 2021, vol. 6, issue 4, 29-34

Abstract: In the proposed paper we make an assessment of some features of fiscal policy in relation to the evolution of the economic cycle, which aims to capture the discretionary nature of fiscal policy and how it has contributed to stimulating or inhibiting the economy and the type of fiscal policy that has functioned during this period in the Romanian economy, from the perspective of the stabilizing function of the economic cycle. The indicators from which we start in the elaboration of the analysis are the budget deficit and the structural deficit, from which we will extract certain derived indicators. The methodology used to achieve the objective is qualitative in nature and aims to draw links between the stated aspects. The obtained results can be constituted in elements of qualitative evaluation of the fiscal policy from the perspective of its influence on the economic cycle.

Keywords: fiscal policy; economic cycle; characteristics (search for similar items in EconPapers)
JEL-codes: E6 E62 H62 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:6:y:2021:i:4:p:29-34

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