NECESSITY OF A NEW TYPE OF SYMBIOSIS BETWEEN THE NOMINAL AND THE REAL ECONOMY

Lucian Ionescu

Studii Financiare (Financial Studies), 2013, vol. 17, issue 3, 44-51

Abstract: This paper deals with the rift between the nominal economy and the evolution of the real economy, which represented the main structural cause for the international crisis (since 2007/2008), followed by a prolonged recession and a stagnant growth rate. Analysing the causality and implications of the rupture between the real and nominal facets of the economy, the author is pleading for a new type of symbiosis between the nominal & real dimensions of the socio-economic activity of the human society in the 21-st century.

Keywords: nominal economy; real economy; international crisis; speculative monetary & financial flows (search for similar items in EconPapers)
JEL-codes: A1 B1 B2 D5 E5 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:17:y:2013:i:3:p:44-51

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