In a recently published (Business Week, November 2, 2009) article, the distinguished columnist, Michael Mandel, pointed out some interesting issues concerning the US trade gap and the consequences it has on the entire global economy and economic system. In this kind of respect, he finds three...

Among the specialists, when it comes to harmonizing in the tax field, it is more often talked about indirect taxes. But there are some things to be said also in the field of direct taxes. If indirect taxation contorts many times the free circulation of goods and free practice of services,...

As the US economy continues to be the largest in the world and – despite the recent troubles – continues to remain the most valuable in terms of competitiveness, the US Dollar is likely to continue to keep its world reserve currency status.In this kind of respect, there are a lot of...

On March 18th 2009, FED has made a move it haven’t done since 1960 (the so-called Operation Trust conceived by the Kennedy administration): it steped into the market in order to buy long term securities for an amount of some 1.25 trillion dollars. FED also announced a program to restart...

In this paper we try to check if and how the macroeconomic performances induced by a Taylor’s rule based kind of monetary policy are (or not) more efficient than those effectively induced by the most important central bank’s monetary policies. In this kind of respect, we use a simple three...

Early XXth century, in Europe, marks the opening of economic thinking towards the negative effects of excessive industrialization: pollution, resource depletion, demographic factor degradation. Thus appeared so many theories that stated that in order to improve these negative effects the...

In Romania, business ethics is not considered a management strategy that brings profit. The private business field now follows a different logic, different dynamics. Many times ethics is perceived as a “me too” strategy, a strategy based on imitating the policies of successful brands or, as...

Although the recession originates in the U.S., it has spread rapidly in the EU and led to financial turmoil. Crisis symptoms are obvious and they remind us og the economic disaster that shattered the world about 80 years ago: the world trade collapsed, the capital vanished away, the banking...