investigated for business cycle fluctuations in Bulgaria. In the presence of robots, wages increase, but employment falls after a …Robots are introduced into a real-business-cycle setup augmented with a detailed government sector. Robots are modeled … introduction of the currency board arrangement (1999-2020). The quantitative importance of the presence of robots in the economy is …

investigated for the magnitude of the cyclical fluctuations in Bulgaria. The quantitative effect of such a stochasticity increases …

expenditures for the stabilization of cyclical fluctuations in Bulgaria. We find the quantitative effect of such a tax to be very …

-optimizing households for cyclical fluctuations in Bulgaria. Design Methodology/approach: We calibrate the RBC model to Bulgarian data for … novel finding in the macroeconomic studies on Bulgaria using modern quantitative methods. …

the magnitude of cyclical fluctuations in Bulgaria. Despite making hours worked more volatile, and wages a bit smoother …

important for business cycles in Bulgaria. …

income is investigated for the stabilization of cyclical fluctuations in Bulgaria. Unfortunately, the quantitative effect of …

, the model is calibrated to Bulgaria after the introduction of the currency board (1999-2018). Overall, the shocks to … be the major driving force behind the observed economic fluctuations in Bulgaria. Another interesting result, generated … fluctuations in Bulgaria. The presence of an endogenous discount factor improves the model performance against data, and in …

considerations for the cyclical fluctuations in Bulgaria. We find the quantitative effect of such aspects to be very small, and thus … not important for business cycle stabilization, or public finance issues, as in Bulgaria the spending on military is …