THE INSTITUTIONAL RECONSTRUCTION AND THE FUNCTIONALITY OF THE MACROECONOMIC SYSTEM

Gheorghe H. Popescu and Octavian Dobrin
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Gheorghe H. Popescu: Member of GAER Coordination Council

Theoretical and Applied Economics, 2007, vol. 6(511)(supplement), issue 6(511)(supplement), 261-270

Abstract: The text is analyzing the requirements of the institutional reconstruction for the running of the macroeconomic system. A number of concepts concerning the macroeconomic structure, the social validation, structural economy, output and input within the macroeconomic process, the effect of the fiscal pressure on the labor factor income etc., are duly defined. Here we have also a special attention is paid to those unfit macroeconomic policies, specific to certain periods of time.

Keywords: system; macroeconomics; structure; institutional frame; destructuration; real output; fiscal pressure; macroeconomic policy; gross domestic product; market. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:6(511)(supplement):y:2007:i:6(511)(supplement):p:261-270

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