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Countercyclical Economic Policies in Times of Crisis

Author

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  • Gina Ioan

    (Danubius University of Galati, Romania)

Abstract

The countercyclical policies aimed to correcting excessive economic activity and reducing negative effects of crisis and economic recovery. In Romania we identify a series of causes that led to the economic crisis like: the mismatch economic policy mix with business cycle phases, underdeveloped capital market, the mismanagement of public expenditure, the shortage of skilled labor and many other.

Suggested Citation

  • Gina Ioan, 2013. "Countercyclical Economic Policies in Times of Crisis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(3), pages 126-131, June.
    • Handle: RePEc:dug:actaec:y:2013:i:3:p:126-131
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1696/1604
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    References listed on IDEAS

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    4. James Crotty, 2009. "Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture'," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 563-580, July.
    5. Kyloh, Robert. & Saget, Catherine., 2009. "A common economic crisis but contradictory responses : the European experience 2008-09," ILO Working Papers 994335573402676, International Labour Organization.
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    Keywords

    countercyclical; crisis;

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