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The State, the Crisis and the Expectations Trap

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Author Info

  • Croitoru Lucian

    (Banca Naţională a României)

Abstract

Over the past 20 years, I have supported the idea that the state intervention in the economy lays at the root of Romania’s most economic problems. Each and every time, I mentioned Romania as an example of a country that abused the state intervention in all fields from bailouts to overregulation. However, in recent years, the developed economies, which we took for a model, did the same.

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Bibliographic Info

Article provided by Romanian Society for Economic Science, Revista OEconomica in its journal Revista OEconomica 03/2011.

Volume (Year): (2011)
Issue (Month): 03 (September)
Pages:

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Handle: RePEc:oen:econom:y:2011:i:03:id:302

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Web page: http://oeconomica.org.ro/
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Related research

Keywords: state interventionism; market process; public policies; economic crisis; adverse incentives; expectations trap;

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