scholarly journals ON THE REFLECTION OF CORONOMICS IN ECONOMIC SCIENCE AND ECONOMIC POLICY

2020 ◽  
pp. 15-24
Author(s):  
VLADIMER PAPAVA
Keyword(s):  
Economic Policy ◽  
Food Security ◽  
Economic Crisis ◽  
Inflation Targeting ◽  
Economic Incentives ◽  
Economic Security ◽  
Economic Science ◽  
Individual Country ◽  
Crisis Period ◽  
The Government

The paper discusses the economic issues of the COVID-19 pandemic. The resulting coronomic crisis is not a typical economic crisis since the coronomic crisis was not formed in the economy itself but is the result of the inability of medicine to solve the pandemic problem. The coronomic crisis is, by its very nature, an atypical economic crisis and is fundamentally different from other atypical economic crises that took place in the XX century. The coronomic crisis put the issue of the “crisis of globalization” on the agenda. The coronomic crisis exposed the weaknesses of globalization. Overcoming the COVID-19 pandemic is possible exclusively at the global level. The paper shows that the current process of de-globalization is “forced” by its nature and it will definitely be replaced by a qualitatively renewed process of globalization. Economic recovery from the corona crisis will be most successful only on the basis of the adherence to a free trade regime. In economic science, the problem of government intervention in the economy, especially during the pandemic and the post-pandemic period, is still relevant. The corona crisis has clearly confirmed the inability of inflation targeting to achieve macroeconomic stability. The coronomic crisis requires two approaches to economic policy. In particular, we mean an anti-crisis economic policy and a post-crisis economic policy. Economic incentives provided by the government to businesses contribute to the zombieing of the economy which will be one of the most difficult problems of the post-crisis period. The coronomic crisis made the issue of the economic security of each individual country even more urgent. The problem of ensuring food security is equally important. The economic policy of the post-crisis period must necessarily include measures to ensure a country’s food security. Since the possibility of a repetition of a pandemic in the future is similar to the current one, the problems of coronomics should remain in the field of study of economists for many years.

Strategic and Innovative Actions of the Government During the Financial Crisis

2019 ◽  
pp. 352-370 ◽  
Author(s):  
Seçil Şenel
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Financial Crises ◽  
Social Problems ◽  
Government Intervention ◽  
Crisis Period ◽  
Mortgage Crisis ◽  
Economic Depression ◽  
The Government

Financial crises cause significant economic and social problems for the countries. Many companies stop their operations and a lot of people lose their jobs. Especially after the globalization, there is an increase in the number of financial crises. Because of this aspect, governments try to implement necessary actions to prevent the crisis. In this scope, government intervention to the market during the crisis period is a much-debated concept. The aim of this chapter is to identify the success of government intervention in the market in crisis period. For this purpose, three different financial crises are analyzed, which are 1929 Economic Depression, 2001 Turkish Economic Crisis, and 2008 Global Mortgage Crisis. As a result, it is identified that when government intervene into the market in crisis period, the countries can much easily overcome the crisis. Therefore, it is recommended that strategic and innovative actions should be taken by the government in case of economic crisis, such as increasing liquidity level and implementing new regulations.

Major factors of economic development of modern Russia

10.12737/685 ◽  
2013 ◽  
Vol 1 (3) ◽  
pp. 3-8
Author(s):  
Басовская ◽  
Elena Basovskaya
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Economic Crisis ◽  
Growth Rates ◽  
Industrial Development ◽  
Factorial Analysis ◽  
Crisis Period ◽  
Econometric Methods ◽  
Current Trends ◽  
Major Factors

Tendencies and factors of change of branch structure of economy of Russia in the period of 1999–2008 are investigated. Data of branch structure of investments of the Russian statistics and econometric methods are used. The regression, cluster and discriminated analysis, the factorial analysis on the basis of model main a component are applied. Discrepancy of tendencies of development of structure of economy is established. Major factors of development — a factor of preindustrial development (to 33–46% of changes), a factor of industrial development (to 18–22% of changes) and a factor of postindustrial development (to 28–36% of changes). The established ratio of factors of development doesn’t correspond to current trends. This discrepancy became one of preconditions of an economic crisis and delay of growth rates of economy during the post-crisis period. For overcoming of contradictions the active economic policy of attraction of investments in key is necessary for postindustrial development of branch of economy. In work are submitted data, characterizing results of the factorial analysis that is able to afford to specify their interpretation.

17. Economic Security

2018 ◽  
pp. 253-267
Author(s):  
Gary M. Shiffman
Keyword(s):  
Security Policy ◽  
Resource Constraints ◽  
Economic Incentives ◽  
Economic Security ◽  
Decision Makers ◽  
Security Studies ◽  
Institutional Constraints ◽  
Economic Science ◽  
Organized Violence ◽  
Economic Tools

This chapter examines the concept of economic security as a framework for analysing and countering organized violence. It first provides a brief historical overview of the economic science of security and applies economic theory to Security Studies. Through various case studies, this approach allows the reader to understand how states leverage traditional economic tools to influence, alter, and deter another actor’s behaviour. The chapter considers three categories of organized violence: warfare, crime, and insurgency. It shows that the various decision makers involved in combating organized violence have different goals and face different constraints. It also describes five vectors of economic incentives: goals, resource constraints, institutional constraints, information, and time. Finally, it discusses four economic tools of security policy: sanctions, trade, finance, and aid.

scholarly journals The Swedish Macroeconomic Policy Framework

2016 ◽  
Author(s):  
Lars Calmfors
Keyword(s):  
Economic Policy ◽  
Fiscal Policy ◽  
Economic Crisis ◽  
Inflation Targeting ◽  
Macroeconomic Policy ◽  
Policy Framework ◽  
Common Denominator ◽  
Economic Governance ◽  
Budgetary Process ◽  
Institutional Reforms

This chapter is concerned with Sweden’s current macroeconomic policy framework: how it emerged after the deep economic crisis of the 1990s and how it has functioned since then. The chapter describes a series of institutional reforms in the 1990s and 2000s that were implemented following a major financial crisis in 1991 and 1992. The reforms introduced central bank independence, flexible inflation targeting, a highly structured budgetary process, and an independent fiscal policy council. Thus, a common denominator in reform was to remove economic governance from immediate political control. It also describes the results of these reforms. Finally, the chapter accounts for some important contemporary economic policy controversies.

scholarly journals Analysis of government bonds and prediction of their development after the pandemic caused by COVID-19

2021 ◽  
Vol 91 ◽  
pp. 01044
Author(s):  
Petr Suler ◽  
Vaclav Polan
Keyword(s):  
Economic Crisis ◽  
Credit Rating ◽  
Yield Curve ◽  
Government Bond ◽  
Budget Deficits ◽  
Bond Yields ◽  
Individual Country ◽  
Yield Curves ◽  
Government Bonds ◽  
The Government

This paper describes the current state of the government bond market and predicts the future development of government bond yields using the yield curve to bond maturity, spot yield curve, credit rating and simple prediction. The ongoing economic crisis caused by the COVID-19 pandemic is changing the lives of many people. In order for each individual country to help its households, prevent mass job lay-offs and high mortality, their fiscal budget deficits are growing to unexpected heights. The aim of this paper is to analyse government bonds as one of the tools that can help both the state and individual households at this time. Government bond yields are analysed and compared with other countries based on the development of government bonds using credit ratings, yield curves to maturity, spot yield curves and simple historical development of government bonds from the previous economic crisis in 2008. Based on the results, we conclude that countries severely affected by the COVID-19 pandemic and subsequent mortality, such as Italy, have a relatively stable yield. In contrast, for countries such as the Czech Republic and South Korea, yields to maturity at both ends are relatively declining.

Politics deepen economic crisis in Venezuela

2016 ◽  
Keyword(s):  
Economic Policy ◽  
Economic Crisis ◽  
Security Council ◽  
Voting Rights ◽  
Political Theatre ◽  
Content Type ◽  
National Assembly ◽  
Economic Collapse ◽  
The Government ◽  
Oil Company

Subject The looming economic debacle. Significance The government's proposed assumption of emergency economic powers -- presented to the National Assembly on January 15 -- was rejected a week later by the new opposition-dominated Assembly by 107 votes to 53. Expectations of constitutional conflict and gridlock persist despite the severity of the economic crisis. State oil company PDVSA and the government are expected to make 6.4 billion dollars in debt payments due in February, but Venezuela has had its UN voting rights suspended for falling behind on payments, just weeks before it is due to assume the presidency of the Security Council. Impacts The executive's proposed economic policy authority contains measures that will compound rather than address policy mismanagement. Opposition initiatives formulated in the Assembly to reverse economic collapse will be struck down by the executive and judiciary. Political theatre and paralysis will exacerbate public frustration with the lack of response to deteriorating economic circumstances.

17. Economic Security

2015 ◽  
Author(s):  
Gary M Shiffman
Keyword(s):  
Security Policy ◽  
Resource Constraints ◽  
Economic Incentives ◽  
Economic Security ◽  
Decision Makers ◽  
Security Studies ◽  
Institutional Constraints ◽  
Economic Science ◽  
Organized Violence ◽  
Economic Tools

This chapter examines the concept of economic security as a framework for analysing and countering organized violence. It first provides a brief historical overview of the economic science of security and applies economic theory to Security Studies. Through various case studies, this approach allows the reader to understand how states leverage traditional economic tools to influence, alter, and deter another actor’s behaviour. The chapter considers three categories of organized violence: warfare, crime, and insurgency. It shows that the various decision makers involved in combating organized violence have different goals and face different constraints. It also describes five vectors of economic incentives: goals, resource constraints, institutional constraints, information, and time. Finally, it discusses four economic tools of security policy: sanctions, trade, finance, and aid.

scholarly journals Economic Problems of Our Time

2021 ◽  
Vol 66 (2) ◽  
Author(s):  
Nicola Acocella
Keyword(s):  
Economic Policy ◽  
Economic Crisis ◽  
Economic History ◽  
Economic Problems ◽  
Lame Duck ◽  
The Government ◽  
New Instruments ◽  
Policy Targets

In this paper, we aim to look at the main problems which arose or aggravated in recent years, concerning the economic crisis, stagnation, inequalities, and globalisation, what we call ‘the terrible four’. These are partly old problems (and we trace them back in economic history), but they have become more profound in the last decades. Notwithstanding the fantasy of economists that has led to suggest the possibility to make use of new instruments of economic policy, some of them are politically constrained, which implies the impossibility for the Government to reach its economic policy targets. In fact, if the number of instruments is less than that of targets, the Government becomes a ‘lame duck’.

scholarly journals What can Learn the Economic Science and Economic Policy form the Global Economic Crisis Generated by the Pandemia?

2020 ◽  
Vol 18 (2) ◽  
pp. 9-18
Author(s):  
György Kocziszky
Keyword(s):  
Economic Policy ◽  
General Theory ◽  
Economic Crisis ◽  
Economic Science ◽  
Economic Crises ◽  
Short Term ◽  
Current Crisis ◽  
Policy Makers ◽  
Growth Trends ◽  
Economic Thinking

Mynard Keynes’s The General Theory of Employment, Interest and Money published in 1936, highlighted that the deep, global financial and economic crises have a profound effect on economic thinking and the economic policy-makers. The sage learns from this, and the fool recovers back to his previous flawed theories and practices. Today, it is also clear that the shocks that trigger these crises are living with us, breaking the growth trends of the economy from time to time, which raises again and again the question, what economics and economic policy practitioners have learned, and can learn from it, or the short-term economic policy interest overcomes the adjustments after the corrections? In his study, the author checks the effects of the recent global exogenous crisis caused by the pandemic and the desirable correction methods, without which the consequences of the current crisis may be protracted. Keywords: crisis, economic thinking, economic policy, pandemic, sustainability

scholarly journals THE SIMPLE ADDITIVE WEIGHTING METHOD APPLICATION IN FOOD SECURITY ASSESSING

2019 ◽  
Vol 8 (5) ◽  
Author(s):  
Alina R. Battalova ◽  
Nadezda A. Opokina
Keyword(s):  
Food Security ◽  
Federal District ◽  
Comparison Method ◽  
Economic Security ◽  
Economic Science ◽  
Weighting Method ◽  
Regional Features ◽  
Methodical Approach ◽  
The Republic ◽  
Simple Additive Weighting

raditionally the problem of food security was the center of attention in domestic and foreign economic science and practice that was connected with challenges of world development and increase of global contradictions. Food security is an important element of economic and national security of the state in general. It is one of the necessary conditions of sustainable development in the region. Regional features influence safety of the region and as a consequence the safety of the country in general. The methodical approach based on an expert pair comparison method and the SAW method was developed for assessing the food security condition in the regions. The Volga Federal District (VFD) and the Republic of Tatarstan (RT) were chosen as a research object. The received method was applied to assessing the level of ensuring food security in regions of Volga Federal District and the largest regions of the Republic of Tatarstan. This technique allows to fully estimate stability of the food sphere in the economic security of the region in general and the territorial subjects of the Russian Federation which are its part, as well as to reveal strong points and weaknesses of the region and its subjects for the purpose of increasing the management efficiency and proving measures of the operating influence, directed to its increase.

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