In Romania we are at the conclusion of the second agricultural financing program since the country's adherence to the European Union and in the transition period towards the next financial exercise. The experience and effects of the first program, that took place between 2007 and 2013, led to a...

Both classical and Keynes's theories of effective demand posit that capital accumulation is driven by the expected net rate of profit (i.e., by the difference between the expected rate of profit and the interest rate). In both schools, an increase in the interest rate will reduce the net rate of...