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Interdependencies between Romanian fiscal policies and inflationary tensions in the current Europe

Author

Listed:
  • Marcel DRACEA
  • Madalin CINCA

    (University of Craiova)

Abstract

Macroeconomic policies are meant to achieve non-inflationary, stable growth. There are two major groups of policy instruments to achieve the purpose; one is related to monetary conditions and the other to fiscal conditions. Monetary instruments are employed by the central bank and fiscal instruments are employed by ministry of finance. The policy coordination has to be supported by concrete institutional and operating arrangements like monetary and fiscal coordination board.

Suggested Citation

  • Marcel DRACEA & Madalin CINCA, 2008. "Interdependencies between Romanian fiscal policies and inflationary tensions in the current Europe," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(8), pages 43-50, December.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2008:i:8:p:43-50
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    File URL: http://feaa.ucv.ro/FPV/008-07.pdf
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    More about this item

    Keywords

    fiscal policies; inflationary tensions; monetary policy; inflation targeting;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy

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