Fiscal and monetary policy effects on economic growth in Romania (1990-2020)

Ismail Amani and Brahim Bouyacoub
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Ismail Amani: University of Oran 2 Mohamed ben Ahmed, Algeria
Brahim Bouyacoub: University of Oran 2 Mohamed ben Ahmed, Algeria

Theoretical and Applied Economics, 2022, vol. XXIX, issue 3(632), Autumn, 197-206

Abstract: This research paper aims to assess the impact of both fiscal and monetary policy on economic growth in Romania. Hence, an empirical model elaborated and estimated by ARDL method covering a period between 1990 and 2020. Results show that fiscal policy has a significant positive impact on growth in both short and long run while monetary policy has a positive impact on economic growth only in short term. To notice a negative impact of inflation in both short and long term enhancing the role of monetary policy.

Keywords: fiscal; monetary; ARDL; growth; Romania. (search for similar items in EconPapers)
Date: 2022
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