Articles on Issue Theme
Lucian CROITORU
Banca Naţională a României
The alternation between euphoria and panic is the force that causes the business cycle, and regulation cannot temper the euphoria. A consequence of this conclusion is that regulation cannot soften a recession. To understand what regulation cannot do, with regard to softening a recession, it is useful to recall that a recession occurs when the means to counteract a shock (be the shock endogenous or exogenous) run out before the shock disappears. It is then the crisis starts.
ŒCONOMICA no. 3/2013
Keywords: monetary policy, financial economic crisis, risks, private demand, regulation
JEL: E43, E52, G28, G32, R21
The Stabilizing Effects’ Illusion of the “Command and Control”-Type Regulation [Iluzia efectelor stabilizatoare ale reglementării de tip “comandă şi control”]
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Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti
Mara Andreea TUDOR
University of Chicago
Cătălin MURARAŞU
Academia de Studii Economice din Bucureşti
Ramona Iulia DIEACONESCU
Academia de Studii Economice din Bucureşti
Maria GHEORGHE (NIŢU)
Academia de Studii Economice din Bucureşti
Sorin-Nicolae CURCĂ
Academia Română
Revista ŒCONOMICA
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