The set of fiscal rules within the Euro area are based on the functionality of the automatic stabilizers as a main instrument of the fiscal stabilization. This non-discretionary approach should guarantee that the evolution of the current budget deficit is anti-cyclic and thus it should...

Financial crisis do not end overnight, but it takes some time until all effects disappear. Most of the time, the period in which the consequences of financial crisis manifest is characterized by: persistent and deep collapses of stock market, deep cuts in production and employment and explosions...

In the context of globalization, the lack of stability of the production factors raises a public issue regarding the corporation’s implications in social responsibility actions. Thus, the fiscal policy promoted by corporations can and will influence corporate social responsibility actions and...

The scientific approach of the authors aims at identifying the vulnerabilities of the European versus the Romanian tax system. Large differences in taxation across countries are explained, through different levels of economic development and policies promoted by public authorities. Taxation rate...

he aim of this paper is to emphasize how the correlations between fiscal policy and economic growth are manifesting in the UE case. After theoretical framework, the paper is organized as follows: Section 2 tries to provide a model at micro-economic level for the interconnections between fiscal...

The analysis of the correlation between fiscal policy and economic growth represents an important and very debated topic in the theoretical and empirical literature. In this study we test the correlation between fiscal policy and economic growth in Romania, for the period 1990-2007. The...

In all the countries of the world, the fiscal policy is a tool used by the governments in order to get the public incomes and to stimulate the economic development, to reduce the fluctuations and the economic instability. Income taxation causes great difficulties within an open economy, like EU...

The aim of this paper is to identify the impact factors, both qualitative and quantitative, on tax evasion. This analysis is based on a synthesis of the most relevant publications in the field. We can identify several types of impact factors, grouped into: traditional factors, the...

Sustainability can also be assessed in other terms but the size of the accumulated stock of public debt. Even with an indebtedness degree of 20%, budget and fiscal policies may be unsustainable if, for example, that State is unable to pay its obligations arising from the contracted public loans,...

Economic and financial crisis revealed that government intervention is necessary and deregulation and free functioning of the market may also have deficiencies. Fiscal and monetary policies were used by the most countries, including Romania, to mitigate effects of global crisis. By analyzing the...