Acta Universitatis Danubius. Œconomica, Vol 9, No 3 (2013)

Abstract

The countercyclical policies aimed to correcting excessive economic activity and reducing negative effects ofcrisis and economic recovery. In Romania we identify a series of causes that led to the economic crisis like: the mismatch economic policy mix with business cycle phases,underdeveloped capital market, the mismanagement of public expenditure, theshortage of skilled labor and many other.