SOCOL, Aura Gabriela; SOCOL, Cristian - In: Theoretical and Applied Economics XVIII(2012) (2012) 3(568), pp. 15-26
The set of fiscal rules within the Euro area are based on the functionality of the automatic stabilizers as a main instrument of the fiscal stabilization. This non-discretionary approach should guarantee that the evolution of the current budget deficit is anti-cyclic and thus it should...