Isarescu: Government Should Limit Procyclical Fiscal Policies

02.27.2013 By Florentina Dragu

Governments’ interventions in a market economy may help reduce the negative effects of economic and social constraints during one economic cycle or another, but, unless its interventions are countercyclical, the state should generally stay out of the market, the head of Romania’s central bank said.

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Keywords:
ISARESCU
, FISCAL POLICIES
,