Structural Policies, Monetary and Fiscal Crisis Recovery in Romania

Pepi Miticã ()
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Pepi Miticã: “Ovidius” University of Constanta, Faculty of Economic Sciences

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, 1020-1025

Abstract: Economists have likened under graphical form, the dynamics of the current crisis in the form of letters. If after recession follows a period of growth, than it has shaped V. If after the rise follows again a new period of recession and then again an increase, then it is shaped W. It may exist and another form, the one of the letter O or, rather, of a circle. Closing the circle would mean the exit out of recession, so a reason for satisfaction and success of government policies.My opinion is that we shouldn’t joy, but on the contrary, we should worry about such a success, because the exit out of recession through retouching the entry point in recession represents the missing of the opportunity to solve the structural problems that the Romanian economy has.

Keywords: sustenability; recession; inflation; financial; macro stabilization (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2011
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