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This paper highlights the significance of open-economy considerations in the analysis of tax reforms. It focuses on domestic and international consequences of revenue-neutral conversion between income and value-added tax systems. The principal result is that the direction of changes in key...
Persistent link: https://www.econbiz.de/10014396378
detrimental effects on employment and growth, and at removing inconsistencies with international practices. The tax measures will …
Persistent link: https://www.econbiz.de/10014403917
Romania’s 2004 Article IV Consultation and Request for Stand-By Arrangement (SBA) are discussed. The authorities have …. Romania has preserved competitiveness, despite the slowdown in depreciation and recently strong domestic demand. Exports … remained the strongest component of aggregate demand and Romania continued to increase market share in its main trading …
Persistent link: https://www.econbiz.de/10014404862
This Selected Issues and Statistical Appendix paper assesses Romania’s external competitiveness by reviewing recent … Romania’s historical cost advantage vis-à-vis trading partners has eroded since end-2004, on account of a strong real exchange …
Persistent link: https://www.econbiz.de/10014405641
This 2006 Article IV Consultation highlights that macroeconomic results for Romania were not as strong in 2005 compared …
Persistent link: https://www.econbiz.de/10014405642
This paper presents Romania’s First Review Under the Stand-By Arrangement and a Request for Waiver and Modification of …
Persistent link: https://www.econbiz.de/10014406000
This report assesses the Observance of Standards and Codes on Fiscal Transparency for Romania. Romania has made …
Persistent link: https://www.econbiz.de/10014406345
This Selected Issues paper analyzes the developments and determinants of inflation in Romania, and reviews the salient … economic and financial implications, and assesses Romania's compliance with EU economic criteria. The paper also provides a …
Persistent link: https://www.econbiz.de/10014406372
The program of budget restraint and reduction of the quasi-fiscal losses, supported by the IMF's Stand-By Arrangement, was successful in bringing domestic demand down to sustainable levels, lowering inflation, and narrowing the current account deficit. The stabilization effort was supported by...
Persistent link: https://www.econbiz.de/10014406517
Romania's macroeconomic performance remains broadly in line with the program, but the recent strengthening of domestic …
Persistent link: https://www.econbiz.de/10014406532