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Macroeconomic Imbalances And The Response Of Economic Policies To The Effects Of The International Economic Crisis In The New Member States

Author

Listed:
  • Bogdan Murăraşu

    (Bucharest Academy of Economic Studies)

  • Nicoleta Ciurilă

    (Bucharest Academy of Economic Studies)

Abstract

The macroeconomic developments of the New Member States, in the context of the international financial and economic crisis during the years 2008 and 2009, were characterized by heterogeneity and were accompanied by distinct monetary and fiscal policy measures. The different impact of the international crisis on these economies can be attributed to a series of diverse factors such as the cyclical position of the economy at the onset of the crisis, the structure of the commercial flows, the external financial dependency or the different contribution of the economic sectors to the formation of gross value added.

Suggested Citation

  • Bogdan Murăraşu & Nicoleta Ciurilă, 2009. "Macroeconomic Imbalances And The Response Of Economic Policies To The Effects Of The International Economic Crisis In The New Member States," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 12(12(541)(s), pages 337-344, December.
  • Handle: RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:337-344
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