Romania: Selected Issues

May 11, 2016

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Format: Chicago

Romania: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Summary

This paper discusses the following important issues related to the Romanian economy: inflation and inflation expectations, the need to bolster expenditure efficiency, minimum wage policy, and financial sector development. Headline inflation has decreased markedly in Romania in recent years. Key factors in this trend were oil and food price developments and, in particular, the recent reduction in the VAT rate. Romania has undertaken a strong fiscal consolidation since 2010, which reduced expenditure to among the lowest in the region. Minimum wages in Romania have risen sharply, which could directly affect wage distribution and improve income inequality.

Subject: Credit, Inflation, Labor, Minimum wages, Money, Prices, Wage adjustments, Wages

Keywords: Consolidation measure, CR, Credit, Credit growth, Eastern Europe, Europe, Global, Headline inflation, Inflation, Inflation expectation, ISCR, Minimum wage, Minimum wages, Southern Europe, Wage, Wage adjustments, Wage bill, Wage distribution, Wages

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/114
Stock No:

1ROMEA2016002
ISBN:

9781475555370
ISSN:

1934-7685

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