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Macroeconomic Trends in the New Member Countries of the European Union Before the Euro Area Debt Crisis

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  • Todorov Ivan Krumov

    () (Faculty of Economics, South-West University „Neofit Rilski” in Blagoevgrad, Blagoevgrad, Bulgaria)

Abstract

The objective of this paper is to outline the main macroeconomic trends in the new member countries of the European Union before the Euro Area debt crisis. In order to achieve this objective, the developments in a wide range of macroeconomic indicators (exchange rates, foreign trade, monetary policy, inflation, price levels, and fiscal balances, sovereign debt, GDP, labour productivity, composition of output and current account balances) have been analyzed. The analysis results in recommendations on the macroeconomic policies the new member countries should have implemented under global crisis condition in accordance with the peculiarities of their economies and their specific national priorities.

Suggested Citation

  • Todorov Ivan Krumov, 2014. "Macroeconomic Trends in the New Member Countries of the European Union Before the Euro Area Debt Crisis," Scientific Annals of Economics and Business, Sciendo, vol. 61(2), pages 197-217, December.
  • Handle: RePEc:vrs:aicuec:v:61:y:2014:i:2:p:197-217:n:6
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    References listed on IDEAS

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    Cited by:

    1. repec:nax:conyad:v:62:y:2017:i:3:p:1041-1057 is not listed on IDEAS
    2. Ivan Todorov, 2016. "Currency Integration of the New EU Member Countries," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 82-117.
    3. Ivan Todorov, 2016. "Supply-Side Factors of Economic Growth in Bulgaria," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 159-174, June.
    4. Patonov Nikolay, 2016. "Fiscal Impacts on Output in a Small Open Economy: The Case of Albania," Scientific Annals of Economics and Business, De Gruyter Open, vol. 63(2), pages 161-169, June.

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