The Stabilizing Effects’ Illusion of the “Command and Control”-Type Regulation [Iluzia efectelor stabilizatoare ale reglementării de tip “comandă şi control”]

The alternation between euphoria and panic is the force that causes the business cycle, and regulation cannot temper the euphoria. A consequence of this conclusion is that regulation cannot soften a recession. To understand what regulation cannot do, in softening a recession, it is useful to recall that a recession occurs when the means to counteract a shock run out before the shock disappears.

MoreLess

Year of publication:	2013
Authors:	Lucian, Croitoru
Published in:	Revista OEconomica. - Societatea Romana de Economie - SOREC. - 2013, 03
Publisher:	Societatea Romana de Economie - SOREC
Subject:	monetary policy \| financial economic crisis \| risks \| private demand \| regulation

More details

Extent:	application/pdf
Type of publication:	Article
Classification:	E43 - Determination of Interest Rates; Term Structure Interest Rates ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; G28 - Government Policy and Regulation ; G32 - Financing Policy; Capital and Ownership Structure ; R21 - Housing Demand
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010965553