Remarks at the Dutchess County Regional Chamber of Commerce, Fishkill, New York.

At the moment Romania's economic policy aims to gradually reduce the economic gaps that separate it from developed world economies. In the current international environment, characterized by the internationalization of economic processes, output and financial capital flows, foreign direct...

In December 2007, the U.S. economy entered a mild recession, a downturn that would ultimately trigger the worst financial crisis since the Great Depression and a fall into one of the longest and deepest recessions of the past 60 years. Growth returned to the U.S. in mid-2009 but remains too slow...

We propose and implement a framework for characterizing and monitoring the global business cycle. Our framework utilizes high-frequency data, allows us to account for a potentially large amount of missing observations, and is designed to facilitate the updating of global activity estimates as...

This paper analyses the correlation between social security budget and the main macroeconomic indicators (like GDP, monthly average gross earnings, unemployment) in Romania during the period 2000 – 2009. Romania faces a more severe economic recession than originally anticipated. Although the...

Foreign direct investment can be regarded as a factor out of the crisis of the Romanian economy. The relationship between the foreign direct investment and the gross domestic product is beneficial for the economy to the extent to which investment is directed towards innovation and new...

Along with joining the European Union, Romania became a full member of the largest economic bloc in the world, strengthening its position in terms of the global division of labour. The access to innovation and financing networks of the European Union will have visible effects concerning economic...

Macroeconomics is a separate discipline of the Economy that studies and analyzes the behaviour of economic aggregates and significant average, such as price level, national income, national income potential, the gap GDP, employment and unemployment of labour, investment and export of the whole...

This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and...

The study examined oil price volatility and economic growth in Nigeria linking oil price volatility, crude oil prices, oil revenue and Gross Domestic Product. Using quarterly data sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin and World Bank Indicators (various issues)...