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Political Ideology And Fiscal Policy. The Case Of Romania

Author

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  • CIUMARA, Tudor

    (“Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy)

Abstract

The main question asked in this paper regards the possible influence of political ideology on the fiscal policy measures proposed and implemented by the Romanian government. We observe the political affiliation of the ministers of finance and the positioning of their parties on the left-right axis. We find there is a certain equilibrium in terms of the duration the Ministry of Finance portfolio was occupied by a representative of the centre-left versus centre-right parties. The analysis of the influence of ideology on policy is complicated by external facts such as political, social and economic context.

Suggested Citation

  • CIUMARA, Tudor, 2016. "Political Ideology And Fiscal Policy. The Case Of Romania," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 20(2), pages 55-64.
  • Handle: RePEc:vls:finstu:v:20:y:2016:i:2:p:55-64
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    References listed on IDEAS

    as
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    3. Baskaran, Thushyanthan, 2012. "Ideology and fiscal policy: quasi-experimental evidence from the German States," University of Göttingen Working Papers in Economics 144, University of Goettingen, Department of Economics.
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    More about this item

    Keywords

    government; finance; political party;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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