FISCAL RESPONSIBILITY WITHIN AN UNSTABLE ECONOMIC AND POLITICAL ENVIRONMENT

Abstract

It is hypothesised that the economic and political environments from Romania are characterized by instability. Also, election cycles represent a major source of volatility for economic policies, particularly for fiscal policy. However, it is very difficult to observe accurately which fiscal proposals/changes have electoral motivations and which are backed by ideologies or technical considerations. The paper presents a theoretical analysis of fiscal responsibility and a conceptual analysis of economic and political stability. The paper is completed by a series of analyses and observations based on the situation of Romania, related to stability and responsibility.

Keywords

• government
• elections
• stability
• political party