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Crisis management fiscal policy action of member states

Author

Listed:
  • Marcel DRACEA
  • Narcis MITU
  • Nicoleta DRACEA

    (University of Craiova)

Abstract

Although the recession originates in the U.S., it has spread rapidly in the EU and led to financial turmoil. Crisis symptoms are obvious and they remind us og the economic disaster that shattered the world about 80 years ago: the world trade collapsed, the capital vanished away, the banking system failed. Under the circumstances, the Member States are forced to adopt a series of fiscal policy action to avoid, if possible, facing a prolonged period of low or zero growth. Measures vary considerably between Member States, depending on the impact that the recession had on each of them.

Suggested Citation

  • Marcel DRACEA & Narcis MITU & Nicoleta DRACEA, 2010. "Crisis management fiscal policy action of member states," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(11), pages 48-52, May.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:11:p:48-52
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    More about this item

    Keywords

    economic crisis; fiscal policy; VAT; corporate income tax; personal income tax;

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • G01 - Financial Economics - - General - - - Financial Crises

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