This paper examines Romania’s external stability risks. Recent Romanian data indicate high increases in real wages, not … matched by comparable productivity gains. Both the government and the National Bank of Romania (NBR) have highlighted the …

The staff report for the 2008 Article IV Consultation of Romania reviews the issues to tighten fiscal policy, putting …, underpinned by massive capital inflows. Executive Directors observed that large capital inflows related to Romania’s accession to …

The comprehensive program supported by the IMF, the European Union, and the World Bank has helped Romania in … performance of Romania under the program and approved a waiver to maintain the reform momentum and provide additional security …

The comprehensive program supported by the IMF, the European Union, and the World Bank has helped Romania in … performance of Romania under the program and approved a waiver to maintain the reform momentum and provide additional security …

Romania has made significant progress in stabilization and reform. Executive Directors welcomed this development, and …

Romania’s GDP growth averaged more than 61⁄2 percent per year from 2003 to 2008, as foreign direct investment and … capital inflows helped finance high consumption and investment growth. The staff report for Romania’s request for a Stand … western European economies. The rapid increase in borrowing that fueled the boom left Romania highly exposed to global …

The 2007 Article IV Consultation explains Romania’s fiscal and income policies and financial sector issues. The …

The growth outlook remains weak and uncertain. Romania’s decision to rely primarily on expenditure cuts to close the …

This Selected Issues paper discusses Romania’s modeling monetary policy. A simple Forecasting and Policy Analysis … System (FPAS) for Romania has been designed to help in the preparation of the IMF staff’s forecasts and policy assessments. A …