Following the financial crisis, the budget deficits and public debt have recorded levels that no one would have considered a few years ago. Therefore, efforts are needed to achieve fiscal consolidation. Both in academic debates and policy many believe that fiscal rules should be the central...

Financial crisis do not end overnight, but it takes some time until all effects disappear. Most of the time, the period in which the consequences of financial crisis manifest is characterized by: persistent and deep collapses of stock market, deep cuts in production and employment and explosions...

The paper aims to emphasize the approaches of public finance sustainability in the new context created as a result of the fiscal pressures exhibited worldwide, both in advanced and emerging economies. The analysis highlights the need to address public debt sustainability both in terms of...

The fiscal transparency is a key point in the fiscal policy stance, which is why a special attention should be paid to this issue. The fiscal transparency provides to the policymakers the ability to accurately analyse the costs and benefits of any changes in the fiscal policy. In addition, the...

Questions of interest among monetary policy makers involves the identification and analysis of various relationships between macroeconomic variables. To analyze these variables and their interrelations it is necessary to build a macroeconomic model which is based on a vector autoregressive, and...

Albeit positive outcomes for migrants and their destination countries, there is a growing body of research claiming that migration of young skilled workforce has a significant impact on the structure of domestic labor market and productivity output of the country of origin. In this context, a...

This paper assesses the impact of certain social factors on income inequalities in the EU. We applied Panel Estimated Generalized Least Squares method on two clusters, developed vs developing countries. We concluded that the relationship between historical income inequality and its current...

The globalism of the post-crisis economy accentuates more and more the present risk and uncertainty condition. The normal corporate reactions in this situation can only arise starting from an “exploration” and understanding of the turbulence and chaos that manifest themselves increasingly...

Albeit positive outcomes for migrants and their destination countries, there is a growing body of research claiming that migration of young skilled workforce has a significant impact on the structure of domestic labor market and productivity output of the country of origin. In this context, a...

The main research aim is to investigate and test the long-term existence of a balanced relationship (cointegration) between business demographics and economic growth, expressed in terms of real GDP per capita, and to estimate the econometric models expressing relationships between analyzed...