European Parliament Library

Romania, Selected Issues, International Monetary Fund

Abstract
This paper examines Romania’s external stability risks. Recent Romanian data indicate high increases in real wages, not matched by comparable productivity gains. Both the government and the National Bank of Romania (NBR) have highlighted the importance of a responsible and stabilizing wage policy for macroeconomic stability in the country current juncture. A three-pronged approach is recommended that encompasses capacity building and improved transparency, a medium-term framework for fiscal policy, and increased use of independent fiscal expertise
Table Of Contents
Cover; Contents; I. Romania's External Stability Risks; A. External Stability and Convergence; Figures; 1. External Stability Assessment; 2. Real, Nominal, and Financial Convergence; B. External Flows 2003-07: Stylized Facts; C. Equilibrium Current Account Balance; 3. Estimated Current Account Norm; Boxes; 1. Macroeconomic Balance Approach; Box Table 1. Current Account Regressions; 2. CGER Methodology for Assessing Real Exchange Rate Adjustment; 3. Current Account Balance and External Sustainability Approach; 4. IIP-Stabilizing Current Account Balance; D. Equilibrium Real Exchange Rate
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Note
Description based upon print version of record
Physical Description
1 online resource (63 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283557399

Library Locations

  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
    Borrow
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
    Borrow
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
    Borrow