THE IMPACT OF DEFLATION ON FISCAL AGGREGATES

This article addresses the phenomenon of deflation from a historical perspective, a phenomenon rarely encountered in our day. Deflation is generally defined as the fall in the aggregate level of the consumer price index, respectively, the reverse inflationary phenomenon. The article also presents, i...

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Main Authors: Adina Violeta TRANDAFIR, Octav NEGURIȚĂ, Claudia GUNI
Format: Article
Language:English
Published: Editura Fundatiei Romania de Maine 2018-09-01
Series:Annals of Spiru Haret University Economic Series
Subjects:
Online Access:http://anale.spiruharet.ro/index.php/economics/article/view/908
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author Adina Violeta TRANDAFIR
Octav NEGURIȚĂ
Octav NEGURIȚĂ
Claudia GUNI
Claudia GUNI
author_facet Adina Violeta TRANDAFIR
Octav NEGURIȚĂ
Octav NEGURIȚĂ
Claudia GUNI
Claudia GUNI
author_sort Adina Violeta TRANDAFIR
collection DOAJ
description This article addresses the phenomenon of deflation from a historical perspective, a phenomenon rarely encountered in our day. Deflation is generally defined as the fall in the aggregate level of the consumer price index, respectively, the reverse inflationary phenomenon. The article also presents, in addition to experiences in different countries in times when deflation has been more pronounced and longer, and the effects it may have on public finance aggregates. The paper analyses the literature of all time that deals with the subject, as well as a presentation of the empirical data recorded, and an econometric analysis wishing to highlight the impact that the aggregate index of prices may have on public debt, using data recorded in Romania during 2000-2017.
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spelling doaj.art-7537d64cc6624c42b056a1d7d97f86852022-12-22T02:47:21ZengEditura Fundatiei Romania de MaineAnnals of Spiru Haret University Economic Series2393-17952018-09-01183819610.26458/1836846THE IMPACT OF DEFLATION ON FISCAL AGGREGATESAdina Violeta TRANDAFIR0Octav NEGURIȚĂ1Octav NEGURIȚĂ2Claudia GUNI3Claudia GUNI4Spiru Haret UniversitySpiru Haret University, Faculty of Law and Economics, 32-34 Unirii Street, Constanta, Romania, Tel.: +40241545015Spiru Haret University, Faculty of Law and Economics, 32-34 Unirii Street, Constanta, Romania, Tel.: +40241545015Spiru Haret University, Faculty of Law and Economics, 32-34 Unirii Street, Constanta, Romania, Tel.: +40241545015,Spiru Haret University, Faculty of Law and Economics, 32-34 Unirii Street, Constanta, Romania, Tel.: +40241545015,This article addresses the phenomenon of deflation from a historical perspective, a phenomenon rarely encountered in our day. Deflation is generally defined as the fall in the aggregate level of the consumer price index, respectively, the reverse inflationary phenomenon. The article also presents, in addition to experiences in different countries in times when deflation has been more pronounced and longer, and the effects it may have on public finance aggregates. The paper analyses the literature of all time that deals with the subject, as well as a presentation of the empirical data recorded, and an econometric analysis wishing to highlight the impact that the aggregate index of prices may have on public debt, using data recorded in Romania during 2000-2017.http://anale.spiruharet.ro/index.php/economics/article/view/908deflation, consumer price index, fiscal aggregates
spellingShingle Adina Violeta TRANDAFIR
Octav NEGURIȚĂ
Octav NEGURIȚĂ
Claudia GUNI
Claudia GUNI
THE IMPACT OF DEFLATION ON FISCAL AGGREGATES
Annals of Spiru Haret University Economic Series
deflation, consumer price index, fiscal aggregates
title THE IMPACT OF DEFLATION ON FISCAL AGGREGATES
title_full THE IMPACT OF DEFLATION ON FISCAL AGGREGATES
title_fullStr THE IMPACT OF DEFLATION ON FISCAL AGGREGATES
title_full_unstemmed THE IMPACT OF DEFLATION ON FISCAL AGGREGATES
title_short THE IMPACT OF DEFLATION ON FISCAL AGGREGATES
title_sort impact of deflation on fiscal aggregates
topic deflation, consumer price index, fiscal aggregates
url http://anale.spiruharet.ro/index.php/economics/article/view/908
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