Business Cycle Accounting: Bulgaria after the introduction of the currency board arrangement (1999-2014)

Artikel

This paper focuses on explaining the economic fluctuations in Bulgaria after the introduction of the currency board arrangement in 1997, the period of macroeconomic stability that ensued, the EU accession, and the episode of the recent global financial crisis. This paper follows Chari et al. (2002, 2007) and performs business cycle accounting (BCA) for Bulgaria during the period 1999-2014. As in Cavalcanti (2007), who studies the Portuguese business cycles, most of the volatility in output per capita in Bulgaria over the period is due to variations in the efficiency and labor wedges.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: European Journal of Comparative Economics ; ISSN: 1824-2979 ; Volume: 14 ; Year: 2017 ; Issue: 2 ; Pages: 197-219 ; Castellanza: European Association for Comparative Economic Studies (EACES)

Classification and Topics

• Classification: Wirtschaft ; Business Fluctuations; Cycles ; Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
• Subject: Business Cycle accounting ; Bulgarian economy ; efficiency and labor wedges

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Vasilev, Aleksandar
• Event: Veröffentlichung
• (who): European Association for Comparative Economic Studies (EACES) ; ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (where): Castellanza
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/156686
• Last update: 10.03.2025, 11:43 AM CET