IDEAS home Printed from https://ideas.repec.org/a/agr/journl/v12(577)y2012i12(577)p5-12.html
   My bibliography  Save this article

Proposal for the implementation of a fiscal rule system for Romania. Estimate for the reaction of the fiscal rule system to the output’s shocks

Author

Listed:
  • Cristian SOCOL

    (The Bucharest University of Economic Studies)

Abstract

This paper provides arguments for the need to improve the fiscal rule proposed by the European Commission within the Fiscal Compact, considering the implementation of an augmented growth-based balance rule optimum for Romania. The first part of the paper presents the proposal for the implementation of an integrated system of fiscal rules in Romania. In the second part of this paper, we can find simulations for the reaction of the fiscal rule system proposed for the shocks occurring in the economic growth, these estimates being made by the help of the specialists from the National Forecast Commission.

Suggested Citation

  • Cristian SOCOL, 2012. "Proposal for the implementation of a fiscal rule system for Romania. Estimate for the reaction of the fiscal rule system to the output’s shocks," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(12(577)), pages 5-12, December.
  • Handle: RePEc:agr:journl:v:12(577):y:2012:i:12(577):p:5-12
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/802.pdf
    Download Restriction: no

    File URL: http://www.ectap.ro/articol.php?id=802&rid=93
    Download Restriction: no

    References listed on IDEAS

    as
    1. Edward Glaeser & Giacomo Ponzetto & Andrei Shleifer, 2007. "Why does democracy need education?," Journal of Economic Growth, Springer, vol. 12(2), pages 77-99, June.
    2. Dolton, Peter J. & Silles, Mary A., 2008. "The effects of over-education on earnings in the graduate labour market," Economics of Education Review, Elsevier, vol. 27(2), pages 125-139, April.
    3. Kevin Milligan & Enrico Moretti & Philip Oreopoulos, 2003. "Does Education Improve Citizenship? Evidence from the U.S. and the U.K," NBER Working Papers 9584, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:12(577):y:2012:i:12(577):p:5-12. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marin Dinu). General contact details of provider: http://edirc.repec.org/data/agerrea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.