This paper empirically analyzes the impact of budget deficit on the economic development of Romania. Using the OLS estimates for quarterly series for the period from 2001 to 2011, the results of the estimates prove that there is an indirect relationship between budget deficit and economic growth...

A number of macroeconomic troubles led the Hungarian Government to the introduction of an adjustment program in July 2006.

The study has as its objectives, to determine the influence of price volatility and price expectation in the rate of inflation as a measure of the price level. In addition, the study sought to evaluate ipso facto the extent to which monetary policy has influenced inflation by reducing price...

The study focuses on the analysis of Romania’s public debt over the last 100 years, on three distinct historical periods (interwar, under communist regime, and the transition to the market economy), characterized, despite essential system differencies, by the same paradigm of a sinusoidal...

This study, based on more recent research, including disarchived and / or declassificated information regarding the communist period in Romania, both internally and internationally, focuses on exploring the 1980s external debt crisis context and causes, as well as the impact of internal and...

In the case of Romania, a sharp deterioration of the fiscal framework strength has been observed during post-crisis period, the public debt-to-GDP ratio currently reaching around 40%, thus doubling as compared to 2008. The structural analysis of government debt portfolio highlighted the main...

Under the circumstances of the globally interconnected world, facing currently with growing uncertainties and capital flows volatility, the assessment of external and internal indebtedness of a country could be crucial for designing better policies in order to stimulate recovery and sustainable...

Romanian Abstract: În 2015 piețele financiare au resimțit intensificarea divergențelor depolitică monetară în economia mondială. După semnalele lansate în ultimele trimestre FED ademarat în decembrie anul trecut un nou ciclu de politică monetară, prin majorarea ratei dedobândă de...

The conduct of the monetary policy could be view as a series of decisions in which the objectives and tools are chosen. This paper explores some aspects of the strategic decisions of the monetary policy such as the roles played by central banks and other public authorities, the main constraints...