Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/168630 
Erscheinungsjahr: 
2015
Quellenangabe: 
[Journal:] Romanian Journal of Fiscal Policy (RJFP) [ISSN:] 2069-0983 [Volume:] 6 [Issue:] 1 [Publisher:] Editura ASE [Place:] Bucharest [Year:] 2015 [Pages:] 54-62
Verlag: 
Editura ASE, Bucharest
Zusammenfassung: 
The fiscal policy response to the consequences of the financial and economic crisis consisted either in adopting expansionary policies to stimulate the aggregate demand, or in promoting fiscal consolidation programs designed to restore the sustainability of the public finances. This paper examines the options of the Romanian authorities regarding the fiscal policy decisions in the immediate aftermath of the crisis, and subsequently as the fiscal consolidation program initiated in 2010 has advanced. The paper concludes that the advantages and disadvantages of both approaches cannot be analyzed without taking into account the short-term constraints and the solution adopted by the policymakers, namely to realize the fiscal adjustment was inevitable.
Schlagwörter: 
fiscal consolidation
economic growth
crisis management
JEL: 
E62
H12
H60
Creative-Commons-Lizenz: 
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Dokumentart: 
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