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Fiscal Resilientors in the Economic Dynamics

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  • Diana-Maria Driga

    (School of Advanced Studies of the Romanian Academy (SCOSAAR))

Abstract

The paper intends to introduce and clarify a new concept, the fiscal resilientor, defined as automatic fiscal stabilizer that presents the resilience property. In the first place, the paper clarifies the resilience and automatic fiscal stabilizer concepts. The two concepts are defined in a logical perspective, through the identification of sufficiency predicates. In addition, the following concepts are proposed that make up the conceptual family of resilience: stability, robustness, autopoiesis, inertia, homeostasis and antifragility. Next, the fiscal resilientor concept is clarified at syntactic and pragmatic level, and the criteria for designing fiscal resilientors are outlined. The last part of the paper presents the fiscal resilientor operation mechanism, as well as the aspects highlighting the relevance of the fiscal resilientor concept to the economy.

Suggested Citation

  • Diana-Maria Driga, 2017. "Fiscal Resilientors in the Economic Dynamics," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(6), pages 216-223, DECEMBER.
    • Handle: RePEc:dug:actaec:y:2017:i:6:p:216-223
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/4484/4321
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    References listed on IDEAS

    as
    1. Mr. Steven A. Symansky & Mr. Thomas Baunsgaard, 2009. "Automatic Fiscal Stabilizers," IMF Staff Position Notes 2009/023, International Monetary Fund.
    2. Andy Pike & Stuart Dawley & John Tomaney, 2010. "Resilience, adaptation and adaptability," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 3(1), pages 59-70.
    3. Steven A. Symansky & Thomas Baunsgaard, 2009. "Automatic Fiscal Stabilizers," IMF Staff Position Notes 2009/23, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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