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Romania Selected Issues

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 fo...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Staff Country Reports
Subjects:
Real Wages
Wage Setting
Labour
Short-term Capital Movements
Budget Systems
Wages, Compensation, And Labor Costs: General
Current Account Adjustment
Fiscal Policy
Balance Of Payments
Currency
Budget Planning And Preparation
Exports And Imports
International Economics
Budgeting
Labor
Foreign Exchange
Budget
Macroeconomics
Public Financial Management (pfm)
Wages
Real Exchange Rates
National Budget
Budgeting & Financial Management
Public Finance
Income Economics
Current Account Deficits
Romania
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:61 pages
ISBN:9781451832907

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