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Theoretical and Applied Economics
No. 6 / 2011 (559)

The Economic Theory and the Global Crisis, between Theoretical Solutions and the Economic Reality

Nicolae MOROIANU
Bucharest Academy of Economic Studies
Daniel BELINGHER
Bucharest Academy of Economic Studies

Abstract. This work aims to study the evolution of the global crisis and its impact on various areas worldwide, as well as its impact on certain decisions which have been implemented by the authorized bodies.

The general framework of this analysis starts with a short review of the relevant economic movements and trends; it continues with presenting the potential solutions aimed to overcome the dark period which is currently crossed by the contemporary economy.

In the same time, the authors aim to highlight the impact of the monetary policies throughput the history on the real economy, until the current period.

Keywords: Keynesianism, Austrian School, economic fluctuations, monetary policy, globalisation.

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Reloading Economics
Marin Dinu

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