The Fiscal Policy In Conditions Of Economic Crisis

Vladimir Vladimirov ()
Additional contact information
Vladimir Vladimirov: Varna University of Economics

Business & Management Compass, 2010, issue 1, 58-69

Abstract: In its strategy during the crisis Bulgaria opted for budgetary economies and the maintenance of a balanced budget in the name of fiscal stability and in order to keep the confidence of investors. The article discusses the justification of this line in fisc al policy against the background of the processes developing in the real economy. There are analyzed the possibilities for an alternative short - term policy pursuant to the challenges of the crisis and for supporting economic activity. There is justified th e thesis whereby a more flexible fiscal policy can provide a considerable positive stimulus to aggregate demand and economic activity without posing a threat to fiscal and macroeconomic stability. The subject of consideration and assessment is also the app ropriate structure of fiscal incentives, which could be used most effectively in order to counteract crisis - related processes.

JEL-codes: E60 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://journal.ue-varna.bg/uploads/20140726080708_197263287953d361ac79c74.pdf (application/pdf)

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:vrn:journl:y:2010:i:1:p:58-69

Access Statistics for this article

Business & Management Compass is currently edited by Julian Vasilev

More articles in Business & Management Compass from University of Economics Varna Contact information at EDIRC.
Bibliographic data for series maintained by Yana Doneva ().