The State, the Crisis and the Expectations Trap
AbstractOver 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 InfoArticle provided by Romanian Society for Economic Science, Revista OEconomica in its journal Revista OEconomica 03/2011.
Volume (Year): (2011)
Issue (Month): 03 (September)
state interventionism; market process; public policies; economic crisis; adverse incentives; expectations trap;
Find related papers by JEL classification:
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
- G01 - Financial Economics - - General - - - Financial Crises
- H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
- I38 - Health, Education, and Welfare - - Welfare and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
- P43 - Economic Systems - - Other Economic Systems - - - Finance; Public Finance
- P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
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