Vasilev, Aleksander (2017) Business Cycle Accounting: Bulgaria after the introduction of the currency board arrangement (1999-2014). The European Journal of Comparative Economics, 14 (2). pp. 197-219. ISSN 1824-2979
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| Item Type: | Article |
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| Item Status: | Live Archive |
Abstract
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, 2007)
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.
| Keywords: | Business Cycle accounting; Bulgarian economy; efficiency and labor wedges |
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| Subjects: | L Social studies > L113 Economic Policy L Social studies > L130 Macroeconomics L Social studies > L140 Econometrics |
| Divisions: | Lincoln International Business School |
| ID Code: | 33272 |
| Deposited On: | 22 Oct 2018 13:48 |
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