HETEROGENEITY OF FISCAL POLICIES
Understanding the functionality of fiscal policies, as well as its fundamental role in economic balancing, these are important aspects in terms of protecting and developing the business environment with obvious effects on social life. This study delves into the heterogeneity of fiscal policies to cr...
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| Format: | Article |
| Language: | deu |
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University of Oradea
2020-12-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | http://anale.steconomiceuoradea.ro/volume/2020/n2/023.pdf |
| _version_ | 1828967771925381120 |
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| author | VODĂ Alina Daniela DOBROTĂ Gabriela CRISTEA Loredana Andreea |
| author_facet | VODĂ Alina Daniela DOBROTĂ Gabriela CRISTEA Loredana Andreea |
| author_sort | VODĂ Alina Daniela |
| collection | DOAJ |
| description | Understanding the functionality of fiscal policies, as well as its fundamental role in economic balancing, these are important aspects in terms of protecting and developing the business environment with obvious effects on social life. This study delves into the heterogeneity of fiscal policies to create a delimiting framework for them. The two types of fiscal policies, the discretionary or deliberative fiscal policy and the fiscal policy that act as an automatic stabilizer, were debated and detailed. The characteristics of the two types of policies are offered the way of using government revenues and expenditures as fiscal instruments. Thus, deliberative fiscal policies use instruments in directions strictly defined by the government in the sense of economic expansion or coercion. In contrast, fiscal policies that act as an automatic stabilizer do not require government intervention, acting by increasing the number of payments in times of recession and reducing them in times of economic expansion. Automatic stabilizers operate on the basis of state regulations, although their nature, size and effect have not yet been well defined in the empirical literature. The overall picture obtained in this study by researching the types of fiscal policies has allowed us to understand their functionality and the effects they can produce in the economy. |
| first_indexed | 2024-12-14T11:57:21Z |
| format | Article |
| id | doaj.art-62deadeade0e43558bee1e7d62137974 |
| institution | Directory Open Access Journal |
| issn | 1222-569X 1582-5450 |
| language | deu |
| last_indexed | 2024-12-14T11:57:21Z |
| publishDate | 2020-12-01 |
| publisher | University of Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Economic Science |
| spelling | doaj.art-62deadeade0e43558bee1e7d621379742022-12-21T23:02:05ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502020-12-01292257264HETEROGENEITY OF FISCAL POLICIESVODĂ Alina Daniela0DOBROTĂ Gabriela1CRISTEA Loredana Andreea2Department of Doctoral Studies, Faculty of Economic Sciences, Lucian Blaga University, Sibiu, Romania Faculty of Economic Sciences, Constantin Brâncuși University, Târgu Jiu, RomaniaDepartment of Doctoral Studies, Faculty of Economic Sciences, Lucian Blaga University, Sibiu, RomaniaUnderstanding the functionality of fiscal policies, as well as its fundamental role in economic balancing, these are important aspects in terms of protecting and developing the business environment with obvious effects on social life. This study delves into the heterogeneity of fiscal policies to create a delimiting framework for them. The two types of fiscal policies, the discretionary or deliberative fiscal policy and the fiscal policy that act as an automatic stabilizer, were debated and detailed. The characteristics of the two types of policies are offered the way of using government revenues and expenditures as fiscal instruments. Thus, deliberative fiscal policies use instruments in directions strictly defined by the government in the sense of economic expansion or coercion. In contrast, fiscal policies that act as an automatic stabilizer do not require government intervention, acting by increasing the number of payments in times of recession and reducing them in times of economic expansion. Automatic stabilizers operate on the basis of state regulations, although their nature, size and effect have not yet been well defined in the empirical literature. The overall picture obtained in this study by researching the types of fiscal policies has allowed us to understand their functionality and the effects they can produce in the economy.http://anale.steconomiceuoradea.ro/volume/2020/n2/023.pdfdiscretionary fiscal policy; automatic stabilizer; expansionary fiscal policy; contractionary fiscal policy |
| spellingShingle | VODĂ Alina Daniela DOBROTĂ Gabriela CRISTEA Loredana Andreea HETEROGENEITY OF FISCAL POLICIES Annals of the University of Oradea: Economic Science discretionary fiscal policy; automatic stabilizer; expansionary fiscal policy; contractionary fiscal policy |
| title | HETEROGENEITY OF FISCAL POLICIES |
| title_full | HETEROGENEITY OF FISCAL POLICIES |
| title_fullStr | HETEROGENEITY OF FISCAL POLICIES |
| title_full_unstemmed | HETEROGENEITY OF FISCAL POLICIES |
| title_short | HETEROGENEITY OF FISCAL POLICIES |
| title_sort | heterogeneity of fiscal policies |
| topic | discretionary fiscal policy; automatic stabilizer; expansionary fiscal policy; contractionary fiscal policy |
| url | http://anale.steconomiceuoradea.ro/volume/2020/n2/023.pdf |
| work_keys_str_mv | AT vodaalinadaniela heterogeneityoffiscalpolicies AT dobrotagabriela heterogeneityoffiscalpolicies AT cristealoredanaandreea heterogeneityoffiscalpolicies |