The AEAF Model: A Medium Term Annual Model of the Bulgarian Economy

Ognian Gerdzikov, Anton Gladnishki, Tsvetan Hadzhiyski, Mincho Karavastev, Anthonie Knoester, Gergana Mihaylova-Borisova, Albena Nikolova, Plamena Petrova, Milen Troskov, Stefan Tsvetkov, Andrei Vasilev, Dimitar Vasilev, Iglika Vasileva and Nico van der Windt
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Ognian Gerdzikov: Agency for Economic Analysis and Forecasting
Anton Gladnishki: Agency for Economic Analysis and Forecasting
Tsvetan Hadzhiyski: Agency for Economic Analysis and Forecasting
Mincho Karavastev: Agency for Economic Analysis and Forecasting
Albena Nikolova: Agency for Economic Analysis and Forecasting
Plamena Petrova: Agency for Economic Analysis and Forecasting
Milen Troskov: Agency for Economic Analysis and Forecasting
Stefan Tsvetkov: Agency for Economic Analysis and Forecasting
Andrei Vasilev: Agency for Economic Analysis and Forecasting
Dimitar Vasilev: Agency for Economic Analysis and Forecasting
Iglika Vasileva: Agency for Economic Analysis and Forecasting

No 22003en, Working paper series from Agency for Economic Analysis and Forecasting

Abstract: This paper describes the model of the Bulgarian economy designed, formulated and constructed within the Bulgarian Agency for Economic Analysis and Forecasting. The model is an annual model, although some of the parameters are estimated on the basis of quarterly information. Its main feature is that it is based on an integrated set of financial and national accounts. It contains both, the determination of product demand and supply, labour demand and supply in the real sector of the economy and a rather detailed monetary sector. The latter describes the main financial relations between the central bank, private banks, government and the private and foreign sectors.

Keywords: general equilibrium; fiscal policy; monetary policy; Bulgaria (search for similar items in EconPapers)
JEL-codes: C68 E52 E62 (search for similar items in EconPapers)
Pages: 60 pages
Date: 2003-06
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