文章基本信息

标题：INVESTIGATING ROMANIAN FISCAL ADJUSTMENTS*
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作者：Campeanu, Emilia ; Stoian, Andreea
期刊名称：Theoretical and Applied Economics
印刷版ISSN：1841-8678
电子版ISSN：1844-0029
出版年度：2009
卷号：12(541)(supplement)
期号：12(541)(supplement)
页码：735-742
出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：Fiscal sustainability assessment depends on the active measures undertaken to limit the budget deficit. The aim of this paper is to analyze the composition of fiscal adjustments based on reaction function on Romania's case. The main findings reveals that the future active measures undertaken by Romanian government in order to prevent large fiscal imbalances and to assure condition for assessing fiscal sustainability on long run should rely upon expenditures and reduction of income and consumption taxation. Also, the reaction of fiscal balance to shocks on expenditures and taxation is delayed by three periods.
关键词：fiscal sustainability; fiscal adjustment; structural deficit; primary balance; reaction function.