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Teorii si politici privind austeritatea si efectele acesteia

Author

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  • Iancu, Aurel

    (Institutul National de Cercetari Economice al Academiei Române)

Abstract

In this survey are submitted and analysed the following three important hypotheses of the austerity effects on the fiscal consolidation: Keynesian conventional theory asserting contractionary effects; Ricardian equivalence asserting neutral effects; German hypothesis advocating expansionary effects. The new approaches based on empirical researches prove that signs of the effects generated by the austerity measures depend on the different factors and circumstances which both fiscal and monetary policies entail.

Suggested Citation

  • Iancu, Aurel, 2015. "Teorii si politici privind austeritatea si efectele acesteia," Studii Economice 151207, National Institute of Economic Research.
  • Handle: RePEc:ror:seince:151207
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    File URL: http://www.studii-economice.ro/2015/seince151207.pdf
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    Cited by:

    1. Iancu, Aurel & Olteanu, Dan, 2015. "Fiscal Consolidation by Austerity and EU Surveillance Policies," Working Papers of National Institute of Economic Research 151209, National Institute of Economic Research.

    More about this item

    Keywords

    austerity; fiscal policy; budgetary deficit; debt; expansionary effect; contractionary effect;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods

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