Creșterea de preț pe piața energetică și impactul asupra finanțelor publice
Price increase on the energy market and the impact on public finances
Author(s): Daniela NaniSubject(s): Economy, Environmental and Energy policy, Financial Markets, Fiscal Politics / Budgeting
Published by: EDITURA ASE
Keywords: inflation, public finance; budget deficit; energy; fiscal policy;
Summary/Abstract: The purpose of this paper is to analyze the effect of price increases on the energy market on public finances in Romania. In this regard, we will present some relevant theoretical aspects regarding the relationship between inflation (generalized increase in prices) and its impact on public finances, as it results from the literature. We will also briefly present the current situation on the energy market, showing the most important developments that have taken place. To see the impact of price increases on public finances, we will use a Vector-Auto Regressive Time (VAR) time model and a quarterly data set from 2006-2021 for public debt and the harmonized price index.
Journal: Colecția de working papers "ABC-ul Lumii Financiare"
- Issue Year: 2022
- Issue No: 10
- Page Range: 109-117
- Page Count: 9
- Language: Romanian