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Fiscal Policy in the Context of the Economic Crisis

Keywords: Fiscal policy , economic crisis , monetary policy , Euro area , debt sustainability

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Abstract:

This paper tries to briefly analyze the characteristics of fiscal policy in the context of the actual crisis. We start from the ongoing discussion regarding the role of fiscal policy during the economic and financial crisis. We then focus on the case of CEE countries and on Romanian economy and analyze the way fiscal policy affects economies in the crisis context and its capacities to boost economy.

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