Theoretical and Applied Economics
No. 2 / 2012 (567)
Crisis: a Return to Rationality
Bucharest Academy of Economic Studies
Iulian TĂNASE
Bucharest Academy of Economic Studies
Abstract. This paper analyses the causes of economic crisis trying to reconcile the theory of "animal spirits" with the money supply expansion. It also aims to show the limits of the two opposing theories: both of the Keynesian and the Austrian ones, and to investigate the economic crisis in Greece, focusing on the causes that triggered it. This paper also shows the effects of population, bankers and of government officials greed on economic activity in general, and the crisis in particular.
Contents
Quantitative vs. Qualitative in the Romanian Fiscal Adjustment
Amplification Effects and Unconventional Monetary Policies
Theoretical considerations about implementation of IAS 41 in Romania
Migration and Tourism Demand
Current Research on Flexibilizing the Labor Market – first part –
Crisis: a Return to Rationality
Assessing the Sectoral Dynamics of Non-performing Loans: Signs from Financial and Real Economy
Globalism and Corporate Identity in the Post-crisis Economy
New Approaches for Monetary Policy
The Need of a New Economic Model