Inflation and Sectoral Output Growth Variability in Bulgaria

Muhammad Khan
Additional contact information
Muhammad Khan: Laboratoire d’Economie d’Orléans (LEO), Faculté de Droit, d’Economie et de Gestion, Université d’Orléans, Orléans, Cedex 2, France. E-mails: muhammad.khan@etu.univ-orleans.fr; khann.muhammad@gmail.com

Comparative Economic Studies, 2013, vol. 55, issue 4, 687-704

Abstract: This paper analyzes the relationship between inflation and sectoral output growth variability in Bulgaria using a monthly data set from 2000:01 to 2012:08. The Bulgarian economy is working under a unique currency board setting that exclusively allows the government to influence the money supply through its fiscal position on the asset side of the central bank's balance sheet. Abrupt relative price changes across sectors bring fluctuations in sectoral output growth. Nevertheless, inflation effects on average output growth are positive and linear. Besides, persistent real exchange rate appreciation causes lower growth and higher variability under the pegged exchange rate regime.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.palgrave-journals.com/ces/journal/v55/n4/pdf/ces20135a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/ces/journal/v55/n4/full/ces20135a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:compes:v:55:y:2013:i:4:p:687-704

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41294/PS2

Access Statistics for this article

Comparative Economic Studies is currently edited by Nauro Campos

More articles in Comparative Economic Studies from Palgrave Macmillan, Association for Comparative Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().