Politica monetară şi revenirea economiei iluziei
Monetary policy and the recovery of the economy of illusion

Summary/Abstract: The current crisis has its origins in the inflationist policy pursued by central banks throughout the world. The main consequence of money production that affects primarily the credit market is the economic boom: a cluster of malinvestment induced by the falsification of interest rate and economic calculation. However, the new profits are only ilusory, and the monetary engineered growth is doomed to collapse. We study the relation between the interest rate and the stock market in Romania, showing that we are currently experiencing a boom similar to the one before the 2009 crisis.

• Details
• Contents