This paper evaluates the trade-off between output volatility and the variability of the inflation rate around its target. In addition, the study evaluates the quality of economic growth in Romania, in accordance with the macroeconomic stability process. In our opinion, the optimal choice for a...

This study provides a methodological analysis to evaluate the regulation strategy in Romanian natural gas sector. The market oriented reforms are not only associated with the gap between internal prices and world prices. In the same time, the market oriented reforms are mixed with the other...

This paper deals with the problem of the public pension system’s sustainability in Romania and its impact upon the sustainability of the public finance. Thus, the public pension deficit increased in the last three years, caused by the unsustainable increase of pensions during expansionary...

In this study, we show the effects which the measures to implement welfare state have to labour market. All knows that the employment represents the most important component of the welfare state, as it supports the fulfillment of the objectives for the economic and social policies. The argument...

In this study we analyzed the trade, financial and structural asymmetries between the core and periphery of the Euro Area, and between these countries and seven CEE economies, respectively. The study includes an investigation of the trade, financial integration and sectoral specialization...

The sovereign-debt crisis in the European Union has determined the necessity to reform the signal indicators for the analysis of the public finances' sustainability. In this context, many of the developing/emerging countries consider that the informational value provided by the structural budget...