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Theoretical-methodological and practical value aspects resulting from the economic impact of Covid-19

Author

Listed:
  • Gheoghe ZAMAN

    (Institute of National Economy – Romania Academy)

  • Oana CHINDRIÅž-VÄ‚SIOIU

    (Institute of National Economy – Romania Academy)

  • Mădălina TOCAN

    (Institute of National Economy – Romania Academy, Ecological University of Bucharest)

  • Anca CRISTEA

    (Institute of National Economy – Romania Academy, Hyperion University-Bucharest)

Abstract

In the current period, marked by the pandemic, in parallel with the unprecedented actions required for the health system, it is necessary to prepare the economy for a crisis. In this regard, the elaboration of a set of measures is seriously affected by the fact that at present it is not known till when the epidemic will last. Firstly, the extraordinarily abrupt dynamics of the infections spread from a day to another, doubled by the authorities’ actions for the population isolation at home and, implicit, the severe restriction of the economic activities, make the proposed set of measures frequently changed. The present paper presents an analysis of the economic effects of the coronavirus pandemic on the Romanian economy from the point of view of monetary, fiscal, as well as entrepreneurial policy, tries a macroeconomic estimate on medium term and proposes a series of measures aimed at recovering the national economy.

Suggested Citation

  • Gheoghe ZAMAN & Oana CHINDRIÅž-VÄ‚SIOIU & Mădălina TOCAN & Anca CRISTEA, 2020. "Theoretical-methodological and practical value aspects resulting from the economic impact of Covid-19," Romanian Journal of Economics, Institute of National Economy, vol. 51(2(60)), pages 121-154, December.
    • Handle: RePEc:ine:journl:v:51:y:2020:i:60:p:121-154
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    More about this item

    Keywords

    Coronavirus Crisis; Economic Crises; Romania; Recovery;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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