FISCAL AND MONETARY DETERMINANTS OF THE GROWTH AND THE CYCLICAL RECURRENCE OF THE BULGARIAN ECONOMY

Petar Yurukov ()
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Petar Yurukov: South-West University "Neofit Rilski", Blagoevgrad

Economics and Management, 2019, vol. 16, issue 2, 31-50

Abstract: The objective of this article is to study the opportunities for managing Bulgaria’s economic growth and business cycle under a currency board arrangement. The fiscal and monetary determinants of growth and cyclical recurrence of Bulgaria’s economy, their size and impact direction have been identified by vector autoregression (VAR). Recommendations have been made on macroeconomic policies, which stimulate growth and smooth out the cyclical fluctuations of the Bulgarian economy.

Keywords: Bulgaria; economic growth; business cycle; fiscal policy; monetary policy; currency board arrangement; vector autoregression (search for similar items in EconPapers)
JEL-codes: E32 E52 E62 F43 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:neo:journl:v:16:y:2019:i:2:p:31-50

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