Revista OEconomica

Raluca-Georgiana ROBU, Maria GHEORGHE (NIŢU), Valentin COJANU, Alexia-Maria POPESCU - Between Opportunity and Dependency: The Evolution of Romania’s Trade with Asian Economies [Între oportunitate şi dependenţă: evoluţia comerţului României cu economiile asiatice]

Narciz BĂLĂŞOIU, Octavian-Dragomir JORA, Răzvan Marian PÎRCĂLĂBESCU - Romania’s Positioning and Room for Manoeuvre: The Dilemmas of Peripheral Adaptation in the New Indo-Pacific [Poziţionarea şi marjele de manevră ale României: dilemele adaptării periferice în noul Indo-Pacific]

Mădălina JURUBIțĂ - Redefining EU Trade Policy for an Age of Geoeconomic Rivalry: Strategic Autonomy, Security, and Resilience

Geicun MUSTAFA - Islamophobia as an Informal Trade Barrier: Reputational Risk and the Political Economy of Deglobalization

Hesam JEBELI-BAKHT-ARA - Racialized Capitalism and Economic Discrimination: The Case of Ethnic Labour Segmentation in Contemporary Europe

Articles on Issue Theme

Silviu CERNA

Universitatea de Vest din Timişoara

A new economic theory – “Modern Monetary Theory” (MMT) – has been enjoying great success in the US lately and is often invoked in Europe. It is supported mainly by left-wing politicians and economists, who advocate for the further increase of the budget deficit, financed more by the creation of currency than by the issuance of government securities. The argument is that in this way the financial deficit of the state is easier to cover.

ŒCONOMICA no. 3/2019

Keywords: credit, government debt, budget deficit, interest, inflation, liquidity, currency, solvency, sustainability, monetary theory

JEL: B10, E59, E60, E61, E62

Modern Monetary Theory and Its Poisonous Implications [Teoria monetară modernă şi implicaţiile sale nefaste]

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