БЪДЕЩОТО ЧЛЕНСТВО НА БЪЛГАРИЯ В ЕВРОЗОНАТА ОТ ГЛЕДНА ТОЧКА НА БИЗНЕС ЦИКЪЛА
FUTURE EURO AREA MEMBERSHIP OF BULGARIA IN TERMS OF THE BUSINESS CYCLE
Author(s): Ivan Todorov, Alexander Alexandrov, Kalina DurovaSubject(s): Economy, Business Economy / Management
Published by: Стопанска академия »Д. А. Ценов«
Keywords: Bulgaria; membership; euro area; business cycles; synchronization
Summary/Abstract: Abstract: In the present paper, vector autoregression (VAR) is used to assess the extent to which Bulgaria’s economic cycle is synchronized with the one of the euro area (EA). The main fiscal and monetary factors affecting the coordination of the business cycles of Bulgaria and the EA are identified. Recommendations for macroeconomic policies are formulated to support the synchronization of Bulgaria’s economic cycle with the one of the EA and to prepare our country for the adoption of the euro.
Journal: Народностопански архив
- Issue Year: 2018
- Issue No: 4
- Page Range: 3-15
- Page Count: 13
- Language: Bulgarian