Issues of the Policy Concerning Economic Growth and Stability

Dan-Marin Boaja () and Alin Ionut Ciurlau
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Alin Ionut Ciurlau: "Dimitrie Cantemir" Christian University

Knowledge Horizons - Economics, 2013, vol. 5, issue 4, 173-177

Abstract: In the news frequently appear the latest developments in the unemployment rate, the policy changes made by the Central Bank and other issues of paramount importance If they are very important for those looking for a job or for investors, they are a little light in the great wave of significant growth. Each year, countries with developed economies such as the U.S., has accumulated amounts of increasingly large investment goods, pushing farther frontier technological knowledge and become more productive. Productivity growth rate determines how quickly the standard of living improves. Specialists in the history of economics have found that its progress is discontinuous. New school of economics, thought appear, expand their influence and convince the skeptics. After half a century of changes, the main objectives of macroeconomic policy, however, remain the same: ensuring low unemployment, productivity gains and rising real incomes and maintaining low inflation at a constant level. The challenge lies in finding a set of policies by which these objectives can be achieved in economic conditions characteristic of the present. The conclusion is that in order to determine the long- term economic growth, economic policy should contribute to increasing inputs or to improve efficiency and the used technologies.

Keywords: Economic cycle control demand management; fiscal-monetary mix; rules and discretion; accelerate long-term growth; growth policy; stabilization policy (search for similar items in EconPapers)
JEL-codes: C51 E21 E27 (search for similar items in EconPapers)
Date: 2013
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