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Theoretical-methodological and practical value aspects resulting from the economic impact of Covid-19

Gheorghe Zaman, Oana CHINDRIÅž-VÄ‚SIOIU, Madalina Tocan and Anca Cristea ()
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Oana CHINDRIŞ-VĂSIOIU: Institute of National Economy – Romania Academy
Anca Cristea: Institute of National Economy – Romania Academy, Hyperion University-Bucharest

Authors registered in the RePEc Author Service: Oana Chindris-Vasioiu

Romanian Journal of Economics, 2020, vol. 51, issue 2(60), 121-154

Abstract: In the current period, marked by the pandemic, in parallel with the unprecedented actions required for the health system, it is necessary to prepare the economy for a crisis. In this regard, the elaboration of a set of measures is seriously affected by the fact that at present it is not known till when the epidemic will last. Firstly, the extraordinarily abrupt dynamics of the infections spread from a day to another, doubled by the authorities’ actions for the population isolation at home and, implicit, the severe restriction of the economic activities, make the proposed set of measures frequently changed. The present paper presents an analysis of the economic effects of the coronavirus pandemic on the Romanian economy from the point of view of monetary, fiscal, as well as entrepreneurial policy, tries a macroeconomic estimate on medium term and proposes a series of measures aimed at recovering the national economy.

Keywords: Coronavirus Crisis; Economic Crises; Romania; Recovery (search for similar items in EconPapers)
JEL-codes: G01 L26 (search for similar items in EconPapers)
Date: 2020
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Handle: RePEc:ine:journl:v:51:y:2020:i:60:p:121-154