P-Star Model under the Currency Board – The Case of Bulgaria 1997-2008
AbstractThe paper deals with the P-star model in conditions of the Bulgarian economy operating under the currency board regime. The research period covers 11 years of stabilisation after the Bulgarian 1996/97 financial crisis. Our findings are twofold. First, the significant influence of the German inflation was detected as a result of anchoring the Bulgarian Lev. Second, the domestic price gap influence is showed to be statistically insignificant.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): (2011)
Issue (Month): 3 (September)
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More information through EDIRC
P-star model; Bulgaria; inflation; price gap;
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
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