The Effects of the Macroeconomic Policies Applied in Romania: Before and After Crisis

Introduction

The objectives of economic growth represent the most important elements of any strategy to ensure the sustainable development and macroeconomic stability. Touching these parts can be achieved by attracting and stimulating investments, infrastructure development and implementation of countercyclical policies which ensure the realization of necessary reforms amid surpluses realized during the periods of economic boom. The adoption of appropriate measures, in correlation with stage of economic development, can ensure the development in the economic and social plan. Obviously, the ability of authorities to implement some coherent, clear measures, capable of generating effects in structural and conjunctural plan, is extremely important in ensuring economic stability, in the context of price stability objectives, to ensure a real economic growth, reduction of budget deficit and trade balance deficit, maintaining a level of debt within the sustainable limits, reducing unemployment and ensuring a high standard of living. The study aimed to analyze the influence of macroeconomic policies promoted by authorities from Romania on the development of the business sector. The collected data from specialized sites (insse.ro, mfinante.ro, bnr.ro), were structured in two parts corresponding to the periods before and after the crisis. In this context, expected result is represented by the identification of the macroeconomic policy’s role in a faster or slower economic development. After the introduction and literature review, the paper includes Section III, which presents the data of the macroeconomic indicators and their interpretation, Section 4, which shows the effects observed at the level of environment economic and, finally, section V which materialized the conclusions resulting from the performed analysis.