Stoian, Andreea - In: Romanian journal of fiscal policy : RJFP 3 (2012) 2, pp. 68-81
The aim of this paper is to investigate the vulnerability of fiscal policy in the case of 10 Central and Eastern European countries. We use a newly introduce indicator named Cumulative Excess of the Primary Balance (CEPB) which shows the deviations of current fiscal policy from a fiscal rule...