The Energy Sector Reform and Macroeconomic Adjustment in a Transition Economy : The Case of Romania »
Series: IMF Policy Discussion Papers
Author(s): Stéphane Cossé
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2003
Keywords: Europe, European Economic and Monetary Union, Social security, Romania, energy sector, quasi-fiscal activities, macroeconomic stabilization, transition, energy, natural gas
This paper assesses the main issues faced by the energy sector in a transition economy such as Romania and their macroeconomic dimension. It examines how the size of quasi-fiscal subsidies, owing mainly to inapprop...