Sandica, Ana-Maria; Alupoaiei, Alexie - In: International Journal of Academic Research in … 3 (2013) 3, pp. 365-371
In this paper it was analyzed the effects of fiscal spending shocks on the Romanian economy. The study of the literature has suggested that the standard real business cycle and New Keynesian mod- els have difficulties in predicting the effects of fiscal policy on the economy, particularly in...