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Macroeconomic strategies for the prevention of economic and financial crisis

Author

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  • Cătălin-Emilian HUIDUMAC-PETRESCU

    (Bucharest Academy of Economic Studies, Romania)

  • Alexandru Cătălin POPA

    (Bucharest Academy of Economic Studies, Romania)

Abstract

The role of any macroeconomic policy, regardless of the economic school of thought which they are based, is to create a stable economic environment and to ensure sustainable growth in the long term. This involves the prevention of economic and financial crisis, which actually means to correct any major imbalances before they produce their destructive effects in the economy. This article is intended to be a critical analysis of fiscal and monetary policies, based on the main schools of thought, in terms of their effectiveness in preventing crises.

Suggested Citation

  • Cătălin-Emilian HUIDUMAC-PETRESCU & Alexandru Cătălin POPA, 2016. "Macroeconomic strategies for the prevention of economic and financial crisis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(606), S), pages 171-182, Spring.
    • Handle: RePEc:agr:journl:v:xxiii:y:2016:i:1(606):p:171-182
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    References listed on IDEAS

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    1. Romain Bouis & Łukasz Rawdanowicz & Jean-Paul Renne & Shingo Watanabe & Ane Kathrine Christensen, 2013. "The Effectiveness of Monetary Policy since the Onset of the Financial Crisis," OECD Economics Department Working Papers 1081, OECD Publishing.
    2. anonymous, 1982. "Monetary policy objectives for 1982," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 6(Fall), pages 3-7.
    3. Benjamin M. Friedman, 1982. "Monetary Policy with a Credit Aggregate Target," NBER Working Papers 0980, National Bureau of Economic Research, Inc.
    4. Friedman, Milton, 1982. "Monetary Policy: Theory and Practice: A Reply," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 14(3), pages 404-406, August.
    5. Friedman, Milton, 1982. "Monetary Policy: Theory and Practice," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 14(1), pages 98-118, February.
    6. anonymous, 1982. "Monetary policy report to Congress," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Aug, pages 443-452.
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    Cited by:

    1. Ismet GOCER & Mehmet MERCAN, 2016. "Which country after Greece? Sustainability of budget deficits in selected EU countries: A panel cointegration analysis with multiple structural breaks under cross-section dependence," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(608), A), pages 205-220, Autumn.
    2. Ismet GOCER & Mehmet MERCAN, 2016. "Which country after Greece? Sustainability of budget deficits in selected EU countries: A panel cointegration analysis with multiple structural breaks under cross-section dependence," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(608), A), pages 205-220, Autumn.

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