Dinga, Emil; Ionescu, Cornel
September 2009
Economics, Management & Financial Markets;Sep2009, Vol. 4 Issue 3, p255
Academic Journal
The study has as a background objective the design of a logical base of the non-discretionary public policy. In this end, the authors introduce some definition distinctions between the direct versus indirect and between explicit versus implicit public policies of adjustment. On this base, the concept of automatic fiscal stabilizer is offered, from a logical point of view, by identifying the necessary and sufficient predicates of it. The next step was to describe the abstract mechanism of action of the automatic fiscal stabilizer, using the specific concepts of action rate and action base (which are introduced by the paper). The general role (and functions) as well as the logical definition of the automatic fiscal stabilizer express also some results that study intend to propose to the scientific community.


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