This paper aims to investigate the presence of a creditless economic recovery in Eastern Europe, after de 2008-2009 output collapse. To this end, we use three variables: credit stock, credit flow and money supply M1. We find that the changes in the credit flow, as percentage of GDP, are the most...

We deal with the evolutions of monetary conditions in Romania before and during the economic crisis, and the extent to which GDP shocks are related to these conditions. The results confirmed the essential role of interest rate, credit and exchange rate in this respect, which underlines the...

The present study represents an empirical analysis of the well-being convergence between EU Member States, using a set of 14 socio-economic indicators, grouped into 4 categories: population health status; financial situation of households; social conditions; education. To these we added the...

This study aims to assess the extent to which the economic integration process of the EU and the Eurozone, expressed by the convergence of GDP per capita, is reflected in the convergence of economic well-being of households, revealed by income and consumption, during the last 20 years...

This study aims to assess the extent to which the economic integration process of the EU and the Eurozone, expressed by the convergence of GDP per capita, is reflected in the convergence of economic well-being of households, revealed by income and consumption, during the last 20 years...

After a brief introduction dealing with critical opinions of some economists on the European austerity policy, the authors point out that austerity as a means of achieving fiscal consolidation and financial stability is applied when the fiscal domain is weak. After analyzing the effects of the...

We aim to clarify how objective wellbeing in Romania, as expressed by statistical indicators, evolved during two and a half decades (1990-2014). We considered three main pillars of welfare - health, income & consumption, education - and we investigated their evolution for five CEE countries:...