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Embracing Uncertainty During the Crisis

Author

Listed:
  • Maria Alina CarataÈ™

    („Ovidius†University of Constanta)

  • Elena Cerasela Spătariu

    („Ovidius†University of Constanta)

  • Raluca Andreea Trandafir

    („Ovidius†University of Constanta)

Abstract

The purpose of this paper is to emphasize the impact of uncertainty over the economic environment in the current crisis installed within the COVID-19 pandemic that is unprecedented because there has never been a phenomenon of such magnitude, a global crisis, with a profound, extensive and more complex impact than any other event that decision-makers have considered so far. The current pandemic caused an uncertainty shock globally, which rose into recession. There is uncertainty about the consequences of the crisis and impact on global health, how the world will live and work, how relations between the largest states will be influenced, how the roles of states in trade relations will change, considering the responses to the crisis.

Suggested Citation

  • Maria Alina CarataÈ™ & Elena Cerasela Spătariu & Raluca Andreea Trandafir, 2020. "Embracing Uncertainty During the Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 38-43, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:38-43
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic uncertainty; economic analysis; pandemic; recession;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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