The fiscal policy - an anchor in achieving macroeconomic stability in Romania during the economic crisis

Cosmin Dricu
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Cosmin Dricu: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 1, issue 39, 61-68

Abstract: The current economic crisis that has spread in all national economies as a real domino effect, occurred because of economic interdependence is not just a single sector or at most in a national economy, but the entire world economy. In the new economic context and macroeconomic turbulence dominated by all national and international markets, the world's countries recorded a significant economic downturn in a fragile environment, it is necessary to formulate the following question: "What are the most appropriate policies to be applied?". This is a relevant question noting that current conditions are the result of policies pursued in the past both nationally and internationally. In Romania, one of the targets made during the current fiscal policy objective is reconciliation of nominal convergence criteria in a sustainable budget, with required mitigation measures and the global financial crisis on the Romanian economy. Fiscal policy in Romania can be an anchor in achieving macroeconomic stability will reduce the budget deficit, slowing from aging and stress can guarantee long-term healthy growth.

Keywords: anchor crisis; fiscal policy; macroeconomic stability (search for similar items in EconPapers)
JEL-codes: E62 G28 O11 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2011:i:39:p:61-68

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