Budget Balance: Fiscal Policy Target or Tool

Savu Nicoleta Andreea ()
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Savu Nicoleta Andreea: Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 732-737

Abstract: International economic and financial crisis triggered in 2008 showed, on the one hand that for policy makers, the system of current statistics (national accounts) suffers from some fundamental structural weaknesses due to lack of relevant information and quality of existing data and, on the other hand emphasized the need to identify and bring in operational state a set of models that allow the improvement of macroeconomic forecasting methods that can issue warnings, not beeing easy to transpose figures in explanations and signals. Therefore, the statistical standards review was imminent, which also urges the reorganization of macroeconomic models and detection of correlations between indicators, in order to provide information on the economy dynamic that allows better decisions regarding economic development strategy, that has to be one of the objectives of fiscal strategy.

Keywords: strategy; budget deficit; gross domestic product; national accounts; ESA95. J.E.L. Classification: H62; E62. (search for similar items in EconPapers)
JEL-codes: E62 H62 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:732-737

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