FISCAL RESPONSIBILITY WITHIN AN UNSTABLE ECONOMIC AND POLITICAL ENVIRONMENT

Tudor Ciumara ()

Studii Financiare (Financial Studies), 2016, vol. 20, issue 4, 54-68

Abstract: It is hypothesised that the economic and political environments from Romania are characterized by instability. Also, election cycles represent a major source of volatility for economic policies, particularly for fiscal policy. However, it is very difficult to observe accurately which fiscal proposals/changes have electoral motivations and which are backed by ideologies or technical considerations. The paper presents a theoretical analysis of fiscal responsibility and a conceptual analysis of economic and political stability. The paper is completed by a series of analyses and observations based on the situation of Romania, related to stability and responsibility.

Keywords: government; elections; stability; political party (search for similar items in EconPapers)
JEL-codes: D72 E62 G18 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:20:y:2016:i:4:p:54-68

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