Highlighting the Response of Real Economy to the Changes of Fiscal Policy Variables. The Romanian Case

Lobonþ Oana-Ramona ()
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Lobonþ Oana-Ramona: West University of Timisoara, Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 1170-1175

Abstract: In this paper fiscal policy is defined through the totality of government decisions in which it builds and shapes the state's fiscal system, in line with the financial - monetary objectives and expectations, drawing on the resources needed to cover public expenditure. Also addressing the tax policy, will take into account the decisions manifested in the socio-economic plan, on the correction and guidance of market mechanism and influence the redistribution of gross domestic product, in a desired direction of the economic behavior of various categories of taxpayers but with certain limits. In this article, for highlight the response of real economy to the changes of fiscal policy variables, is used the classification of tax revenues according to the nature of their distortion, in the 1993-2013 period.

Keywords: fiscal policy; sustainability; budget revenues and expenditures (search for similar items in EconPapers)
JEL-codes: C22 H22 H3 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:1170-1175

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