Theoretical and Applied Economics
No. 2 / 2013 (579)
A review of the economic crisis: solutions and failures in the European Union
Bucharest University of Economic Studies
Abstract. Welfare-state European model has been profoundly affected by the economic crisis. In this context, most of the EU member states decided to respond by undertaking short run policy measures. Government spending has been extended in order to create new jobs and to stimulate economic recovery. The fact that the EU member states are still facing the crisis suggests that the policies implemented were inefficient. Moreover, EU officials seem trapped in a vicious circle dominated by the crisis growing effects and their own commitments to bring back economic recovery. This study emphasizes the policy measures’ inconsistencies and, as a consequence, the failure of economic recovery initiatives.
Contents
Has accession to the EU affected business cycles?
The effect of the Romanian pension market concentration on the magnitude of pension revenues
Interest rate channel in Romania: assessing the effectiveness transmission of monetary policy impulses to inflation and economic growth
Romania's road to Euro zone. From structural balance to structural balance corrected for absorption
ARDL investment model of Tunisia
A review of the economic crisis: solutions and failures in the European Union
Macroprudential policy and financial stability
Public policies targeting labour market rigidities
National policy measures. Right approach to foreign direct investment flows
Influence of the prudential supervision over the capitalization of the Romanian insurance market
Social inequalities and poverty in current Romania
Conceptual aspects regarding balneotherapy tourism marketing in Romania
East-European stock exchanges in the context of financial crisis