The Stabilizing Effects’ Illusion of the “Command and Control”-Type Regulation [Iluzia efectelor stabilizatoare ale reglementării de tip “comandă şi control”]

Lucian Croitoru

Revista OEconomica, 2013, issue 03

Abstract: The alternation between euphoria and panic is the force that causes the business cycle, and regulation cannot temper the euphoria. A consequence of this conclusion is that regulation cannot soften a recession. To understand what regulation cannot do, in softening a recession, it is useful to recall that a recession occurs when the means to counteract a shock run out before the shock disappears.

Keywords: monetary policy; financial economic crisis; risks; private demand; regulation (search for similar items in EconPapers)
JEL-codes: E43 E52 G28 G32 R21 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2013:i:03:id:362

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