Preprint
Business Cycle Accounting: Bulgaria after the introduction of the currency board arrangement (1999-2014)
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) 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.
- Language
-
Englisch
- Classification
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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
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Business Cycle Accounting
Bulgarian economy
efficiency and labor wedges
- Event
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Geistige Schöpfung
- (who)
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Vasilev, Aleksandar
- Event
-
Veröffentlichung
- (who)
-
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (where)
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Kiel und Hamburg
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Preprint
Associated
- Vasilev, Aleksandar
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Time of origin
- 2016
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Business Cycles in Bulgaria and the Baltic Countries: An RBC Approach
The welfare effect of flat income tax reform: the case of Bulgaria
Optimal fiscal policy in the presence of VAT evasion: the case of Bulgaria
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A Real-Business-Cycle model with efficiency wages and fiscal policy: the case of Bulgaria
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Modeling Real Private Consumption Expenditure in Bulgaria after the Currency Board Implementation (1997-2005)
A business-cycle-model with monopolistically-competitive intermediary firms and sticky nominal wages: the case of Bulgaria after the introduction of the currency board (1999-2016)
VAT Evasion in Bulgaria: A General-Equilibrium Approach
Business Cycles in Bulgaria and the Baltic Countries: An RBC Approach
The welfare effect of flat income tax reform: the case of Bulgaria
Optimal fiscal policy in the presence of VAT evasion: the case of Bulgaria
A Real-Business-Cycle model with pollution and environmental taxation: the case of Bulgaria
A Real-Business-Cycle model with efficiency wages and fiscal policy: the case of Bulgaria
A Real-Business-Cycle model with reciprocity in labor relations and fiscal policy: the case of Bulgaria
Progressive taxation and (in)stability in an endogenous growth model with human capital accumulation: the case of Bulgaria
Optimal fiscal policy with utility-enhancing government spending, consumption taxation and a common income tax rate: the case of Bulgaria
Welfare gains from the adoption of proportional taxation in a general-equilibrium model with a grey economy: the case of Bulgaria's 2008 flat tax reform
Modeling Real Private Consumption Expenditure in Bulgaria after the Currency Board Implementation (1997-2005)
A business-cycle-model with monopolistically-competitive intermediary firms and sticky nominal wages: the case of Bulgaria after the introduction of the currency board (1999-2016)
VAT Evasion in Bulgaria: A General-Equilibrium Approach
Business Cycles in Bulgaria and the Baltic Countries: An RBC Approach
The welfare effect of flat income tax reform: the case of Bulgaria
Optimal fiscal policy in the presence of VAT evasion: the case of Bulgaria
A Real-Business-Cycle model with pollution and environmental taxation: the case of Bulgaria
A Real-Business-Cycle model with efficiency wages and fiscal policy: the case of Bulgaria
A Real-Business-Cycle model with reciprocity in labor relations and fiscal policy: the case of Bulgaria
Progressive taxation and (in)stability in an endogenous growth model with human capital accumulation: the case of Bulgaria
Optimal fiscal policy with utility-enhancing government spending, consumption taxation and a common income tax rate: the case of Bulgaria