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The countercyclical policies aimed to correcting excessive economic activity and reducing negative effects of crisis and economic recovery. In Romania we identify a series of causes that led to the economic crisis like: the mismatch economic policy mix with business cycle phases, underdeveloped...
Persistent link: https://www.econbiz.de/10010740019
The paper treats the debt burden in Romanian economy. The rigidity of the structure of public spending has not allowed rapid adjustment to respond to massive reduction of production and income, reflected in excessive budget deficits and public debt doubled in a few years. The paper concludes...
Persistent link: https://www.econbiz.de/10011145082
One of the hottest topics of economic research, not only is the economic crisis facing the world economy since 2007. Once the economic shock has spread quickly has spread quickly since the third quarter of 2008, international macroeconomic context known negative changes. The illusion that we...
Persistent link: https://www.econbiz.de/10010614540
According to the economic theories, crises does not follow a general model, each of them, presenting unique aspects, representing actually an accident, generated by specific factors, at a certain socio-economic and political situation. Like a classification of the crisis we can specify: the...
Persistent link: https://www.econbiz.de/10010614611
The paper treats a number of aspects of economic errors made in the management of Romanian economy that favored economic crisis. It identifing an excessive propensity to consume of population, an economic growth which has not led to improved openness of the Romanian economy, a pronounced...
Persistent link: https://www.econbiz.de/10010659071