Главен редактор
  • Христина Николова
Национален редакционен съвет
  • Христина Николова, УНСC
  • Елка Тодорова, УНСС
  • Пламен Мишев, УНСС
  • Мая Ламбовска, УНСС
  • Тодор Недев, УНСС
  • Дорина Кабакчиева, УНСС
Международен редакционен съвет
  • Dr. Damian Stantchev
    Edinburgh NAPIER University, UK

  • Dr. Ivaylo Vassilev
    University of Southampton,UK

  • Prof. Dr. Irina Kuzmina-Merlino
    Transport and Telecommunication Institute, Riga

  • Milan Zdravkovic
    University of Niš, Serbia

  • Prof. Dr. Niculae Mihaita
    Bucharest Academy of Economic Studies, Romania

  • Prof. Ricardo Jardim-Gonçalves, PhD
    UNINOVA institute, New University of Lisbon, Portugal

  • Prof. Ing. Jaroslav Belás, PhD
    Tomas Bata University in Zlín, Czech Republic

  • Prof. Dr. John Rijsman
    Tilburg University

  • Prof. Ing. Zdenek Dvorák, PhD
    University of Zilina, Slovak Republic

  • Prof. Dr. Zoran Cekerevac
    “Union – Nikola Tesla” University in Belgrade, Serbia

Macroeconomic Policy Coordination Approach under Currency Board Arrangements in Bulgaria
Научни трудове на УНСС - Том 5/2019
година 2019
Брой 5

Macroeconomic Policy Coordination Approach under Currency Board Arrangements in Bulgaria

Резюме

The paper presents the logics and empirical results from testing an original approach for assessing the interaction between fiscal and monetary policies in Bulgaria in 2009-2016. Methodologically the approach is based on combinations of the budget balance and the reserve requirement ratio that satisfy pre-defined cross-sectional macroeconomic identities. Applying it we find that the monetary policy in Bulgaria is predominantly oriented to preserve the stability of the currency regime than stimulating real economy, while the government should find the delicate balance between maintaining the public sector stability and promoting economic development.

JEL: E61, E63, C5

Ключови думи

policy mix, macroeconomic policy coordination, Currency Board Arrangements, cross-sectional macroeconomic identities, goals of fiscal and monetary policies
Свалете RP_vol5_2019_No04_D Zlatinov.pdf
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ABSTRACTING AND INDEXING

ISSN (print): 0861-9344
ISSN (online): 2534-8957