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Countercyclical Economic Policies in Times of Crisis

Author

Listed:
  • Gina Ioan

    (Danubius University of Galati, Romania)

Abstract

The countercyclical policies aimed to correcting excessive economic activity and reducing negative effects of crisis and economic recovery. In Romania we identify a series of causes that led to the economic crisis like: the mismatch economic policy mix with business cycle phases, underdeveloped capital market, the mismanagement of public expenditure, the shortage of skilled labor and many other.

Suggested Citation

  • Gina Ioan, 2013. "Countercyclical Economic Policies in Times of Crisis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(3), pages 126-131, June.
    • Handle: RePEc:dug:actaec:y:2013:i:3:p:126-131
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1696/1604
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    References listed on IDEAS

    as
    1. Pierluigi Montalbano & Alessandro Federici & Umberto Triulzi & Carlo Pietrobelli, 2005. "Trade Openness and Vulnerability in Central and Eastern Europe," WIDER Working Paper Series RP2005-43, World Institute for Development Economic Research (UNU-WIDER).
    2. repec:ilo:ilowps:433557 is not listed on IDEAS
    3. Kyloh, Robert. & Saget, Catherine., 2009. "A common economic crisis but contradictory responses : the European experience 2008-09," ILO Working Papers 994335573402676, International Labour Organization.
    4. James Crotty, 2009. "Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture'," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 563-580, July.
    5. Gary B. Gorton, 2010. "Questions and Answers about the Financial Crisis," NBER Working Papers 15787, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    countercyclical; crisis;

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