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Nominal Convergence In Post-Accession Romania

Author

Listed:
  • CATRINA, Ion Lucian

    (Academy of Economic Studies Bucharest)

Abstract

This paper aims to analyze the achievement of nominal convergence criteria by the Romanian economy, as well as the macroeconomic effects caused by the strong targeting of these criteria. The global crisis caused a small contraction of governmental expenditure but a fast-growing public debt. The policies restricting budget deficit and public debt continue to produce strong theoretical debates on the right way to reach economic growth.

Suggested Citation

  • CATRINA, Ion Lucian, 2011. "Nominal Convergence In Post-Accession Romania," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 2(1), pages 27-34.
    • Handle: RePEc:ris:sphecs:0108
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    File URL: http://anale-economie.spiruharet.ro/en/wp-content/uploads/2014/03/3_Lucian-Catrina.pdf
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    More about this item

    Keywords

    convergence; budget deficit; public debt; GDP; monetary union;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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