FISCAL AND MONETARY DETERMINANTS OF THE GROWTH AND THE CYCLICAL RECURRENCE OF THE BULGARIAN ECONOMY
FISCAL AND MONETARY DETERMINANTS OF THE GROWTH AND THE CYCLICAL RECURRENCE OF THE BULGARIAN ECONOMY
Author(s): Petar YurukovSubject(s): Economy, National Economy, Financial Markets
Published by: ЮГОЗАПАДЕН УНИВЕРСИТЕТ »НЕОФИТ РИЛСКИ«
Keywords: Bulgaria; economic growth; business cycle; fiscal policy; monetary policy; currency board arrangement; vector autoregression
Summary/Abstract: The objective of this article is to study the opportunities for managing Bulgaria’s economicgrowth and business cycle under a currency board arrangement. The fiscal and monetarydeterminants of growth and cyclical recurrence of Bulgaria’s economy, their size and impactdirection have been identified by vector autoregression (VAR). Recommendations have been madeon macroeconomic policies, which stimulate growth and smooth out the cyclical fluctuations of theBulgarian economy.
Journal: Икономика и управление
- Issue Year: 16/2019
- Issue No: 2
- Page Range: 31-50
- Page Count: 20
- Language: English
