Leonardo Badea Prime-Vice-Governor BNR: Economic Sentiment, Between Cause and Signal
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8 Articles
When we analyze the progress of the economy and its impact on society and people's lives, wherever we work, we work a lot with data and indicators: inflation, GDP, credit, exchange rate, reserves, growth, wages and many more. But our most important assessments are not made exclusively from the statistical tables that contain data about the past, [...] The post Leonardo Badea, First Vice-Governor BNR: Economic sentiment, between cause and signal …
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Leonardo Badea, Vice-Governor BNR: Households and firms do not decide on the basis of statistical tables, but on the basis of what they know, understand, perceive and anticipate. Consumption, saving and investment are therefore formed, including in this area of perceptions. That is why the distance between statistics and perceptions must not be ignored, but understood. And to understand it, it must first measure perceptions. Because sometimes, b…
The current period is marked by uncertainty and ambiguity, and economic developments are becoming increasingly difficult to anticipate, said Leonardo Badea, the first vice-president of the National Bank of Romania, at the launch of the second edition of the Newmoney.ro Economic Sentiment Index – INSCOP, according to Informat.ro. According to the official BNR, uncertainty is difficult to model, and when it is prolonged, [...] Article First vice-p…
Leonardo Badea, the first vice-governor of the National Bank of Romania (BNR), says that the period we are going through is marked by ambiguity, and this state of fact makes the mission of economists and authorities very difficult, since uncertainty is almost impossible to model, so [...]
Number two of the BNR, Leonardo Badea, first vice-governor of the National Bank of Romania, appreciates that we are going through a period of prolonged uncertainty that led to the creation of a general state of ambiguity. In this context, the official shows, it is very difficult to anticipate what will follow.
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