The impact of fiscal policy on economic growth

Laura OBREJA BRASOVEANU made in this book an extensive investigation of determinants of financial and fiscal policies more realistic and more efficient.

In the first part are highlighted trends, determinants and economic growth models where are integrated fiscal and budgetary policy variables and the impact of taxation and public spending on economic growth. In the second part, the paper develops these topics: indicators and models of fiscal policy sustainability in the EU, testing fiscal sustainability in Romania in terms of (non) affecting the public debt ratio to GDP. Beyond retrospective analysis, the author makes an identification of the coordinates fiscal adjustment process and fiscal adjustment strategies in Romania between 1990 to 2006.

By size and consistency, this volume evidence a training documentation very supported by author both by international reference works, and especially in scientific articles in national and international consecrated journals (American Economic Review, Economic Journal, Review of Economic Studies, Journal of Monetary Economics, Econometrica etc.). It is remarkable the analysis made by the neoclassical theory to recent debates on economic growth and fiscal and budgetary policy interaction, including their validation on the real economy of Romania.