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Necessity Of A New Type Of Symbiosis Between The Nominal And The Real Economy

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  • IONESCU, Lucian

Abstract

This paper deals with the rift between the nominal economy and the evolution of the real economy, which represented the main structural cause for the international crisis (since 2007/2008), followed by a prolonged recession and a stagnant growth rate. Analysing the causality and implications of the rupture between the real and nominal facets of the economy, the author is pleading for a new type of symbiosis between the nominal & real dimensions of the socio-economic activity of the human society in the 21-st century.

Suggested Citation

  • IONESCU, Lucian, 2013. "Necessity Of A New Type Of Symbiosis Between The Nominal And The Real Economy," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 17(3), pages 44-51.
    • Handle: RePEc:vls:finstu:v:17:y:2013:i:3:p:44-51
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    References listed on IDEAS

    as
    1. Iancu, Aurel, 2009. "Real Economic Convergence," Working Papers of National Institute for Economic Research 090104, Institutul National de Cercetari Economice (INCE).
    2. J. M. Keynes, 1997. "The General Theory of Employment," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 5.
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    More about this item

    Keywords

    nominal economy; real economy; international crisis; speculative monetary & financial flows;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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