THE INSTABILITY OF THE MODERN ECONOMIC SYSTEM

Pop Alina ()
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Pop Alina: The Bucharest University of Economic Studies

Management Strategies Journal, 2016, vol. 31, issue 1, 77-82

Abstract: The economic developments in the first part of the twentieth century, characterized by low inflation and accelerated economic growth, have led a lot of the economists to believe that the problems regarding the economic cycles have been resolved. This new period of relative calm was called "The Great Moderation". However, the economic crisis of 2008 came to challenge these new economic theories reopening the debates on the causes that lead to the emergence of a crisis and the efficiency of the measures taken so far. The paper aims to identify and analyze the factors leading to instability in an economy, trying to find out if economic instability is a normal phenomenon faced by an economy or if it is just an anomaly.

Keywords: financial stability; economic crisis; the Great Moderation; economic theories (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:31:y:2016:i:1:p:77-82

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