IMPACT OF FISCAL POLICY ON THE ECONOMIC CYCLE IN ROMANIA

Abstract

The goal of this study consists of carrying out a qualitative and quantitative analysis that should highlight the impact of the fiscal policy on the economic cycle in Romania. The work proposes the realization of an economic table with an accent on the concept of fiscal policy and the corelation of this concept with the cyclic evolution. To be explained and interpreted to the failure of predictable linearity, it is necessary to define and classify the types of fiscal policy. Following economic globalization and synchronization, the economic cycles are subscribed to a convergence proces, driving the world, regional and romanian economy. Being different in intensity, we can say that cyclic floats are determined by factors related to the normal functioning of economic activity, by the interdependeces between its components and this is regulary reflected on the gross domestic product and the amount of tax revenue.

Keywords

• economic policy
• financial policy
• fiscal policy
• tax revenue
• economic cycle.