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Macroeconomic Policies, Economic Revitalization

Dragos Huru (), Roman Mihai Daniel (), Manafi Ioana (), Paraschiv Anca Maria () and Ṣtefan George ()
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Roman Mihai Daniel: Bucharest University of Economic Studies
Manafi Ioana: Bucharest University of Economic Studies
Paraschiv Anca Maria: Bucharest University of Economic Studies
Ṣtefan George: Bucharest University of Economic Studies

A chapter in Economic Recovery After COVID-19, 2021, pp 207-234 from Springer

Abstract: Abstract The chapter below represents the summary of a research approach carried out in order to provide decisive support for the public environment of the Romanian economy, which, like any other public decision maker in the world, has difficulty in substantiating public policies due to the COVID-19 pandemic unexpectedly in which the epidemic appeared and its rapid spread led us to consider that, on the one hand, research can be based on little quantitative information of limited relevance because the historical perspective of the economy was interrupted which determined that the data series statistics and identifiable economic policy details may no longer be relevant to the present times; on the other hand, economic policy decisions currently required a reactive adaptation to economic developments without historically relevant experiences often marked by an intuitive adaptation of developments. The model of economic rationality based on the consideration of maximizing the interests of economic agents were identified as being adapted to health security principles which made the theoretical retrieval of research difficult because a perspective in which we continue on pre-crisis behavioural expectations would be special. From conception, the results of those through which economic policies are currently based. For these reasons, during the research, we often used estimated values of economic indicators and we relied on the formulation of scenarios.

Keywords: Economic policies; Economic revitalization in COVID-19 crisis; Macroeconomics (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-86641-9_11

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