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The Sustainable Nature Of Fiscal And Budgetary Consolidation From A Logical And Institutional Perspective

Author

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  • DUTCAS, Monica Florica

    (Centre for Financial and Monetary Research “Victor Slavescu†, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

The article investigates the sustainability of fiscal consolidation from a dual perspective: logical-economic and institutional, with a focus on the interaction between fiscal adjustment strategies and the broader governance framework. The study goes beyond the restrictive accounting approach of consolidation, arguing that sustainability depends both on the logical coherence of fiscal policy design and on the institutional robustness of implementation mechanisms.

Suggested Citation

  • DUTCAS, Monica Florica, 2025. "The Sustainable Nature Of Fiscal And Budgetary Consolidation From A Logical And Institutional Perspective," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 13(1), pages 36-52, October.
    • Handle: RePEc:vls:rojfme:v:13:y:2025:i:1:p:36-52
    DOI: https://doi.org/10.65672/jfme.2025.1.3
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    References listed on IDEAS

    as
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    4. James M. Poterba & Jürgen von Hagen, 1999. "Introduction to "Fiscal Institutions and Fiscal Performance"," NBER Chapters, in: Fiscal Institutions and Fiscal Performance, pages 1-12, National Bureau of Economic Research, Inc.
    5. Poterba, James M. & von Hagen, Jurgen (ed.), 1999. "Fiscal Institutions and Fiscal Performance," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226676234.
    6. James M. Poterba & Jürgen von Hagen, 1999. "Fiscal Institutions and Fiscal Performance," NBER Books, National Bureau of Economic Research, Inc, number pote99-1.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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