The main objective of this paper was to quantify the long- and short-term impacts of labour market reforms on economic activity in EU countries, including Croatia. Therefore, we derived a model using the pooled mean group estimator (PMG) for the period from 2000 to 2011. Before performing...

The work compares the relative strenghts, in understanding the current crisis, of the Keynesian tradition with those of two non-Keynesian traditions: those which emphasise income inequality and those which emphasise power. In other words, Hobson and Marx.

The article is an introduction to the new issue of the Journal. It provides an overview of the current economic and financial situation and summarises the main topics dealt with by the following articles.

The economic crisis affecting the industrialised countries in recent years has been singular given its intensity, complexity and the difficulties in overcoming it. The aim of this paper is to analyse the determinants behind the crisis that have made it deeper and longer in Spain than in previous...

This paper briefl y describes some features of the situation of the Spanish economy after five years of crisis, a task which is easier now that this period can be analysed from a certain perspective. The crisis prompted a substantial readjustment of the main Spanish macroeconomic aggregates,...

Economic crises frequently experienced in Turkey cause increases in budget deficit and as these deficits cannot be closed they bring new crises. So, the “stabilization programs” that tried to be implemented during crises become quite important. In this study, the effectiveness of...

Economic crises frequently experienced in Turkey cause increases in budget deficit and as these deficits cannot be closed they bring new crises. So, the “stabilization programs” that tried to be implemented during crises become quite important. In this study, the effectiveness of...

Economic crises frequently experienced in Turkey cause increases in budget deficit and as these deficits cannot be closed they bring new crises. So, the “stabilization programs” that tried to be implemented during crises become quite important. In this study, the effectiveness of...

The present article has as a main theme the complex mechanism regarding the evolution of world global economy crisis started back in 2008, and its present influence at the level of Romanian economy. This paper herein will analyze, in short, a few of the theoretical, methodological, practical and...

On the background of the crisis, public finances rapidly deteriorated in many EU Member States struggling with economic recession. Therefore, fiscal consolidation was needed for improving public finances and turning them to a sustainable path. Authorities considered two main possible actions...