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Political Ideology And Fiscal Policy. The Case Of Romania

Author

Listed:
  • 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
    as

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    References listed on IDEAS

    as
    1. Lupu, Iulia, 2010. "Budget Deficit And Public Debt - The Great Challenges For The Eu Member States," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 14(4), pages 140-149.
    2. Hibbs, Douglas Jr., 1992. "Partisan theory after fifteen years," European Journal of Political Economy, Elsevier, vol. 8(3), pages 361-373, October.
    3. Battaglini, Marco, 2014. "A dynamic theory of electoral competition," Theoretical Economics, Econometric Society, vol. 9(2), May.
    4. LUPU, Iulia, 2015. "Fiscal Rules: Reasons And Evolution," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 19(4), pages 21-31.
    5. Laura OBREJA BRASOVEANU & Victor DRAGOTA & Meral KAGITCI, 2011. "Connections between Economy and Politics – the Relevance of the Typology of Political Parties," Timisoara Journal of Economics, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 4(4(16)), pages 211-220.
    6. Criste Adina & Lupu Iulia, 2012. "A Critical Analysis Regarding the Euro Area Governance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 170-174, May.
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    More about this item

    Keywords

    government; finance; political party;

    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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