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The Stabilising Role Of The Fiscal And Budgetary Policies Within The Simplified Keynesian Model

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  • Campeanu, Emilia Mioara

    (Academy of Economic Studies, Bucharest)

Abstract

The purpose of the paper is to investigate the fiscal and budgetary policies using the simplified Keynesian model. It focuses on the imbalance in the fiscal and budgetary policies trying to justify the rationality of the deficits: the political strategic aspect to leave a hardto- administrate legacy, and the inter-party conflict, which may influence the budgetary decisions of the government. The purpose of the presentation is to show the stabilizing role of the public budget in relation with the full employment goal.

Suggested Citation

  • Campeanu, Emilia Mioara, 2011. "The Stabilising Role Of The Fiscal And Budgetary Policies Within The Simplified Keynesian Model," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 15(2), pages 119-138.
    • Handle: RePEc:vls:finstu:v:15:y:2011:i:2:p:119-138
    as

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    References listed on IDEAS

    as
    1. Alesina, Alberto & Tabellini, Guido, 1989. "External debt, capital flight and political risk," Journal of International Economics, Elsevier, vol. 27(3-4), pages 199-220, November.
    2. Dinga, Emil & Ionescu, Cornel & Padurean, Elena, 2010. "Discretionary Policy versus Non-Discretionary Policy in the Economic Adjustment Process," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 184-207, December.
    3. Ion Pârgaru & Rodica Gherghina & Ioana Duca, 2009. "The Role Of Education In The Knowledge-Based Society During The Economic Crisis," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(11), pages 1-4.
    4. Rodica Gherghina & Florin Văduva & Mirela Anca Postole, 2009. "The Performance Management In Public Institutions Of Higher Education And The Economic Crisis," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(11), pages 1-3.
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    More about this item

    Keywords

    Keynesian model; fiscal policy; budgetary policy; multiplier;
    All these keywords.

    JEL classification:

    • B19 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Other
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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