IMF Staff Country Reports

Romania : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

July 2, 2008

Electronic Access:

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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.

Series:

Country Report No. 08/210

Subject:

Budgetary policy Competition Current account balances Economic indicators Labor productivity Price adjustments Real effective exchange rates Selected issues Wage adjustments

Frequency:

Monthly