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An Assessment Of The Characteristics Of The Fiscal Policy In Relation To The Flights Of The Economic Cycle In Romania, In The Period 2007 - 2020

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  • Ionel LEONIDA

    (Victor Slavescu Centre for Financial and Monetary Research, Bucharest, Romania)

Abstract

In the proposed paper we make an assessment of some features of fiscal policy in relation to the evolution of the economic cycle, which aims to capture the discretionary nature of fiscal policy and how it has contributed to stimulating or inhibiting the economy and the type of fiscal policy that has functioned during this period in the Romanian economy, from the perspective of the stabilizing function of the economic cycle. The indicators from which we start in the elaboration of the analysis are the budget deficit and the structural deficit, from which we will extract certain derived indicators. The methodology used to achieve the objective is qualitative in nature and aims to draw links between the stated aspects. The obtained results can be constituted in elements of qualitative evaluation of the fiscal policy from the perspective of its influence on the economic cycle.

Suggested Citation

  • Ionel LEONIDA, 2021. "An Assessment Of The Characteristics Of The Fiscal Policy In Relation To The Flights Of The Economic Cycle In Romania, In The Period 2007 - 2020," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 6(4), pages 29-34.
    • Handle: RePEc:brc:brccej:v:6:y:2021:i:4:p:29-34
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    More about this item

    Keywords

    fiscal policy; economic cycle; characteristics;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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