This paper empirically analyzes the impact of budget deficit on the economic development of Romania. Using the OLS estimates for quarterly series for the period from 2001 to 2011, the results of the estimates prove that there is an indirect relationship between budget deficit and economic growth...

Negative interest rates, as an instrument of monetary policy, are regarded by the central authorities as a stimulant for the growth of real economy through: decrease of lending costs, increase of consumption, decrease of volatility and so on. However this policy has a negative influence within...

As of today any official or informal communication with respect to Europe’s economic future is most of the time accompanied by a unique keyword: „uncertainty”; several factors are at the same time being mentioned: global economy trends, fossil fuels price, Brexit, refugee crisis. With...