The limits of macroeconomic stabilization of an economy in transition: The case of Bulgaria

Avramov, Roumen

doi:10.1007/bf01101843

MOCT-MOST

1993

DOI: 10.1007/bf01101843

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The limits of macroeconomic stabilization of an economy in transition: The case of Bulgaria

Roumen Avramov¹

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1993

1996

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“…For a review of the stabilization effort in Bulgaria, see Avramov (1993). It should be noted that the quality of the data on producer prices in Bulgaria is far from satisfactory; anyway, different available estimates confirm the existence of a large gap between consumer and producer prices.…”

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Monetary policy, macroeconomic adjustment and currency speculation under floating exchange rates: the case of Bulgaria

Dobrinsky

1996

Economics of Transition

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This paper deals with the Bulgarian experience with exchange rate policy and the related macroeconomic adjustment in the transition period. It is argued that in the context of the Bulgarian macroeconomic environment, the exchange rate regime and the exchange rate policy (or the lack of such) did play a crucial role in determining the patterns of macroeconomic adjustment in this period. A simple general equilibrium model is suggested that provides some insights into the stylized performance of an economy under certain assumptions, similar to those characterizing the transitional state of the Bulgarian economy. Finally, some aspects of Bulgarian macroeconomic performance in recent years are analysed on the basis of the available empirical information and using the framework of the theoretical model. The paper concludes with the policy lessons of this experience. Copyright 1996 The European Bank for Reconstruction and Development.

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Monetary policy, macroeconomic adjustment and currency speculation under floating exchange rates: the case of Bulgaria

Dobrinsky

1996

Economics of Transition

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The problem of bad loans and enterprise indebtedness in Bulgaria

Dobrinsky

1994

MOCT-MOST

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A comparison of the development of small firms in Bulgaria and Hungary

Bartlett¹

1993

MOCT-MOST

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The limits of macroeconomic stabilization of an economy in transition: The case of Bulgaria

Cited by 3 publications

References 2 publications

Monetary policy, macroeconomic adjustment and currency speculation under floating exchange rates: the case of Bulgaria

Monetary policy, macroeconomic adjustment and currency speculation under floating exchange rates: the case of Bulgaria

The problem of bad loans and enterprise indebtedness in Bulgaria

A comparison of the development of small firms in Bulgaria and Hungary

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