Romania; Selected Issues
This paper examines Romania’s external stability risks. Recent Romanian data indicate high increases in real wages, not matched by comparable productivity gains. Both the government and the National Bank of Romania (NBR) have highlighted the importance of a responsible and stabilizing wage policy for macroeconomic stability in the country current juncture. A three-pronged approach is recommended that encompasses capacity building and improved transparency, a medium-term framework for fiscal policy, and increased use of independent fiscal expertise.
Saved in:
freely available
Saved in favorites
Similar items by subject
-
Exchange Rate Assessments; CGER Methodologies
Lee, Jaewoo, (2008)
-
(2007)
-
A Balance Sheet Approach to Financial Crisis
Setser, Brad, (2002)
- More ...
Similar items by person