The effects of the financial crisis that began in 2007 are still being felt in the global economy. Despite the fact that its low point was apparently reached, the economic recovery will last long, with an economic growth below potential and a gradual decrease of unemployment over several years....

This article aims to identify the differences between the Narula’s model regarding the five stages of investment development path and the economic reality. In other words, we try to determine if the model presented by Narula reflectes what is happening on the economic environment of a country...

Each country has its specific features and because of that, the evolutions of some indicators such as inflation, real exchange rate, current account, GDP, competitiveness, employment, and others, as well as trends determinants of real economic imbalances and improvement of divergence differs...

In this article, our target is to analyze the effects of fiscal policy on GDP in Romania, using a model based on an unrestricted Vector Autoregression Model (VAR). We used in our research the quarterly data taken from the National Statistics Institute reports and Eurostat. The main independent...

The Stipulations of Treaty of Maastricht concerning the Monetary and Economic Union offer a new dimension to the politics of general taxation, by strict limitation of the governments’ possibility on financing the public outgoings by loans. The Accord for Steadiness and Development foresees...

Severely affected by the crisis, considered as the deepest one since the Great Depression between 1929-1933, the European Union’s economy has recorded the sharpest decline in its history starting with the end of 2007. In response to this downturn, interventions included implementing the...

Worldwide, over time, the years of economic crisis were defined by significant increases in the levels of budget deficits. Discussions on sizing budget deficits, financing, especially the volume of public debt became more intense, both politically and academically. The impact of budget deficit...

This paper presents some effects of the current international economic and financial crisis on the main macroeconomic variables. For this purpose, are valued the direct and indirect influences, on short and mediumterm, of the crisis on direct investment, on employment, on the non-governmental...

The goal of this paper is to discuss the joint analyses of fiscal, income and monetary policy in modifying aggregate spending. The paper is focused on the specific characteristics of aggregate demand depending on phases of economic cycle. Through this paper I also intend to emphasize that the...

The increase of the production factors’ mobility, given the facts of the economic and financial globalization, brought again into focus the attractiveness of different states at the world level. This study is focused on the analysis of conceptual term of fiscal competition, from traditional...