Structural Sources and Characteristics of the Inflation in Bulgaria (1992-2010)
AbstractThe paper analyzes the structural sources and characteristics of the inflation process in Bulgaria in different sections of the economy and of the consumer price index (CPI). It studies the behavior of the wage, the average labour productivity, as well as the existing between them dependencies by economic sectors, economic activities and some of their groups. It interprets the dynamics of these indicators in the sectors of tradable and non-tradable goods, and traces the changes in the relative prices of the non-tradable goods. It comments the changes in the relative prices of the goods with competitive and administrated prices, and of aggregated groups of goods and services in the CPI structure. The paper draws the connection of the analyzed indicators and the correspondences with the dynamics of the general price level. It evaluates the empirical validity in the Bulgarian conditions of base assumptions and conclusions of some of the fundamental structural inflation models.
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Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.
Volume (Year): (2013)
Issue (Month): 1 ()
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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