IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

The Equilibrium in the Open Economy

Listed author(s):
  • Stoyadin Savov
Registered author(s):

    On the basis of the IS - LM - BP model is interpreted the equilibrium of the transition economy in Bulgaria and the conditions influencing on its varieties are identified. Suggested is an approach in the macroeconomic policy, with the help of which the economic mechanism of the system is possible to become more market. Analyzed are the factors, influencing the forming of the curves IS, LM and BP. It is mentioned that an instrument for overcoming the non-equilibrium of the economy can be the mixed monetary-fiscal policy, recommended by the conception, known under the name of Mundel-Fleming model. The two, applied separately for curing the non-equilibrium economy, are not able to suggest a solution. But if they are applied combined, the weaknesses of the one can be neutralized by the other, because for the overcoming of the internal non-equilibrium will be used an expansive fiscal policy and for the overcoming of the external one - a restrictive monetary policy.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Fee access

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Thought.

    Volume (Year): (2001)
    Issue (Month): 6 ()
    Pages: 3-21

    in new window

    Handle: RePEc:bas:econth:y:2001:i:6:p:3-21
    Contact details of provider: Postal:
    3, Aksakov Str., 1040, Sofia

    Phone: (+359 2) 810 40 18
    Fax: (+359 2) 988 21 08
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:bas:econth:y:2001:i:6:p:3-21. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diana Dimitrova)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.