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Macroeconomic Effects of EU Transfers in New Member States

Fund, International Monetary - 2008

Large inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper, we use the IMF's Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help...

Persistent link: https://www.econbiz.de/10012677366

Efficiency and Performance of Bulgarian Private Pensions

Impavido, Gregorio - 2008

Persistent link: https://www.econbiz.de/10012678066

Inflation Dynamics in Bulgaria: The Role of Policies

Nguyen, Anh - 2023

This paper analyses inflation dynamics in Bulgaria using different complementary econometrics technics. We find that …-specific factors. Greater weight of energy and food in Bulgaria's CPI basket amplifies the impact of shocks on headline inflation …. Furthermore, second-round effects in Bulgaria are likely pronounced, associated with a higher inflation persistence compared to …

Persistent link: https://www.econbiz.de/10015059056

Strengthening Public Expenditure Efficiency: Investment and Social Spending in Bulgaria

Hallaert, Jean-Jacques - 2022

The scope for increasing public spending to meet Bulgaria's development needs is limited by low revenue. Increasing the …

Persistent link: https://www.econbiz.de/10015060396

Fiscal Multipliers in Bulgaria; Low But Still Relevant

Muir, Dirk; Weber, Anke - International Monetary Fund (IMF) - 2013

With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen … economic activity in Bulgaria using econometric and model-based approaches. While fiscal multipliers have been modest in the …

Persistent link: https://www.econbiz.de/10011242417

Investment and Growth Dynamics : An Empirical Assessment Applied to Benin

Samake, Issouf - 2008

We investigate the nexus of public and private investment and assess the impact of both types of investment on growth. Using annual data for 1965-2005, we employ a coherent set of structural VAR outputs to model investment and growth in Benin. We find that in addition to institutional and...

Persistent link: https://www.econbiz.de/10014409029

Convergence in Emerging Europe : Sustainability and Vulnerabilities

Vamvakidis, Athanasios - 2008

The emerging European economies have been converging rapidly towards the more advanced European economies in recent years. However, large external imbalances in parts of the region have raised questions about sustainability and concerns about vulnerabilities. Empirical evidence in this paper...

Persistent link: https://www.econbiz.de/10014409042

Growing Apart? : A Tale of Two Republics; Estonia and Georgia

Thorvaldur Gylfason - 2008

We compare and contrast the economic growth performance of Estonia and Georgia since the collapse of the Soviet Union in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and...

Persistent link: https://www.econbiz.de/10014409064

Inclusive Growth : An Application of the Social Opportunity Function to Selected African Countries

Adedeji, Olumuyiwa S. - 2013

The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth episodes in selected African countries. Premised on the concept of social welfare function,...

Persistent link: https://www.econbiz.de/10014409421

Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries : The Case of Cameroon

Samake, Issouf - 2013

This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on growth and on the path of key fiscal indicators, such as...

Persistent link: https://www.econbiz.de/10014409427