TY - BOOK ID - 84548647 TI - Romania : Staff Report for the 2002 Article IV Consultation. AU - International Monetary Fund. AU - International Monetary Fund PY - 2003 SN - 1455275212 1452749701 1283555425 9786613867872 1452790124 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Exports and Imports KW - Labor KW - Macroeconomics KW - Money and Monetary Policy KW - Industries: Energy KW - Energy and the Macroeconomy KW - International Lending and Debt Problems KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Monetary Systems KW - Standards KW - Regimes KW - Government and the Monetary System KW - Payment Systems KW - Wages, Compensation, and Labor Costs: General KW - Monetary economics KW - Petroleum, oil & gas industries KW - International economics KW - Labour KW - income economics KW - Banking KW - Privatization KW - Energy sector KW - External debt KW - Credit KW - Currencies KW - Wages KW - Economic sectors KW - Money KW - Energy industries KW - Debts, External KW - Romania UR - https://www.unicat.be/uniCat?func=search&query=sysid:84548647 AB - This 2002 Article IV Consultation highlights that since mid-2001, a combination of budget restraint, ambitious energy price adjustments, and prudent monetary policy moderated domestic demand and reduced the current account deficit in Romania. At the same time, export and GDP growth were among the highest in the region, reflecting the fruits of private investments in export-oriented consumer goods industries over the last few years, and the gains in competitiveness from the 1999 adjustment in the real effective exchange rate. Rising productivity, complemented by moderate economy-wide wage growth, has preserved competitiveness. ER -