In this paper we try to argue why the environmental tax reform should be welcome, especially in our times of economic and financial instability. Therefore, we first state some principles of welfare economics concerning the environment and also remind the debate and outcomes on the double...

The fiscal politics signifies an important instrument that manages the national economic, owning the ability of influencing the total added value of the manufactured production, meaning the gross domestic product (abbreviated as GDP). The possibility of influencing this indicator, by means of...

This paper aims to emphasize the implications that the signing of the European Fiscal Pact will have on Romania. At the same time are also taken into account the estimates of the European commission concerning GDP and the negotiation of the structural deficit level. The advantages and the...

Since 1970 there has been a tendency to increase taxation in the Member States, trend that persisted for three decades, given the extension of the public sector in the economy, and hence the growth of public spending. In the late 90s, following the Treaty of Maastricht and then the Stability and...

In light of the growing public debt, the issue of debt sustainability has increasingly attracted attention. At least half of the EU countries will have to implement stringent fiscal consolidation programmes over the next few years in order to prevent already high public-debt-to-GDP ratios from a...

This article aims to study the tax measures taken by the Romanian authorities during the global economic crisis and their impact on the SME sector. The SMEs are essential to the economic recovery; the economic crisis had serious consequences on their number and performance. Global and SMEs’...

A good planning of the economic development also implies the insurance of money funds needed for financing from internal sources (banks, investment funds, cooperative institutions of credit, factoring and insurance companies, credit agencies, governmental and non-governmental organizations) or...

The purpose of our paper is to model the VAT revenues of Romania as a function of different macroeconomic variables that might be proxies for the VAT base, i.e. the gross domestic product, the adjusted gross domestic product, the final consumption and the final consumption of households. All...

In this article, our target is to analyze the effects of fiscal policy on GDP in Romania, using a model based on an unrestricted Vector Autoregression Model (VAR). We used in our research the quarterly data taken from the National Statistics Institute reports and Eurostat. The main independent...

At present the Euro Area is confronted with the persistence of the sovereign debt crisis. Despite the amount of measures implemented by the policymakers over the past years, the adjustment process is tough and seems impossible in several countries (for instance Greece, where the GDP contracted...