Fiscal Consolidation in Romania in the Wake of the COVID-19 Pandemic: How Much and How Fast?

Dumitrescu, Bogdan Andrei; Hândoreanu, Cătălina Adriana

doi:10.1007/978-3-030-93286-2_10

Digitalization and Big Data for Resilience and Economic Intelligence

2022

DOI: 10.1007/978-3-030-93286-2_10

|View full text |Cite

Fiscal Consolidation in Romania in the Wake of the COVID-19 Pandemic: How Much and How Fast?

Bogdan Andrei Dumitrescu

Cătălina Adriana Hândoreanu

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2024

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Stochastic Debt Sustainability Analysis in Romania in the Context of the War in Ukraine

Dobrotă,

Voda

2024

Econometrics

View full text Add to dashboard Cite

Public debt is determined by borrowings undertaken by a government to finance its short- or long-term financial needs and to ensure that macroeconomic objectives are met within budgetary constraints. In Romania, public debt has been on an upward trajectory, a trend that has been further exacerbated in recent years by the COVID-19 pandemic. Additionally, a significant non-economic event influencing Romania’s public debt is the war in Ukraine. To analyze this, a stochastic debt sustainability analysis was conducted, incorporating the unique characteristics of Romania’s emerging market into the research methodology. The projections focused on achieving satisfactory results by following two lines of research. The first direction involved developing four scenarios to assess the risks presented by macroeconomic shocks. Particular emphasis was placed on an unusual negative shock, specifically the war in Ukraine, with forecasts indicating that the debt-to-GDP ratio could reach 102% by 2026. However, if policymakers implement discretionary measures, this level could be contained below 88%. The second direction of research aimed to establish the maximum safe limit of public debt for Romania, which was determined to be 70%. This threshold would allow the emerging economy to manage a reasonable level of risk without requiring excessive fiscal efforts to maintain long-term stability.

show abstract

Stochastic Debt Sustainability Analysis in Romania in the Context of the War in Ukraine

Dobrotă,

Voda

2024

Econometrics

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Fiscal Consolidation in Romania in the Wake of the COVID-19 Pandemic: How Much and How Fast?

Cited by 1 publication

References 9 publications

Stochastic Debt Sustainability Analysis in Romania in the Context of the War in Ukraine

Stochastic Debt Sustainability Analysis in Romania in the Context of the War in Ukraine

Contact Info

Product

Resources

About