Nominal convergence in post-accession Romania

Ion Lucian CATRINA

Abstract


This paper aims to analyze the achievement of nominal convergence criteria by the Romanian economy, as well as the macroeconomic effects caused by the strong targeting of these criteria. The global crisis caused a small contraction of governmental expenditure but a fast-growing public debt. The policies restricting budget deficit and public debt continue to produce strong theoretical debates on the right way to reach economic growth.

 

 

 


Keywords


convergence, budget deficit, public debt, GDP, monetary union

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References


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