Acta Universitatis Danubius. Œconomica, Vol 13, No 6 (2017)

Abstract

The paper intends to introduce and clarify a new concept, the fiscal resilientor, defined as automatic fiscal stabilizer that presents the resilience property. In the first place, the paper clarifies the resilience and automatic fiscal stabilizer concepts. The two concepts are defined in a logical perspective, through the identification of sufficiency predicates. In addition, the following concepts are proposed that make up the conceptual family of resilience: stability, robustness, autopoiesis, inertia, homeostasis and antifragility. Next, the fiscal resilientor concept is clarified at syntactic and pragmatic level, and the criteria for designing fiscal resilientors are outlined. The last part of the paper presents the fiscal resilientor operation mechanism, as well as the aspects highlighting the relevance of the fiscal resilientor concept to the economy.