Please use this identifier to cite or link to this item: http://arl.liuc.it/dspace/handle/2468/5914
Title: Business cycle accounting: Bulgaria after the introduction of the currency board arrangement (1999-2014)
Authors: Vasilev, Aleksandar
Issue Date: 2017
Publisher: European Association for Comparative Economic Studies (EACES)
Università Carlo Cattaneo - LIUC
Bibliographic citation: Vasilev Aleksandar (2017), Business cycle accounting: Bulgaria after the introduction of the currency board arrangement (1999-2014). In: The European Journal of Comparative Economics, vol. 14, n. 2, 2017, p. 197-219. E-ISSN 1824-2979. DOI 10.25428/1824-2979/201702-197-219.
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.
URI: http://arl.liuc.it/dspace/handle/2468/5914
Journal/Book: The European journal of comparative economics
Appears in Collections:EJCE

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