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The AEAF Model: A Medium Term Annual Model of the Bulgarian Economy

Author

Listed:
  • Ognian Gerdzikov

    (Agency for Economic Analysis and Forecasting)

  • Anton Gladnishki

    (Agency for Economic Analysis and Forecasting)

  • Tsvetan Hadzhiyski

    (Agency for Economic Analysis and Forecasting)

  • Mincho Karavastev

    (Agency for Economic Analysis and Forecasting)

  • Anthonie Knoester
  • Gergana Mihaylova

    (Agency for Economic Analysis and Forecasting)

  • Albena Nikolova

    (Agency for Economic Analysis and Forecasting)

  • Plamena Petrova

    (Agency for Economic Analysis and Forecasting)

  • Milen Troskov

    (Agency for Economic Analysis and Forecasting)

  • Stefan Tsvetkov

    (Agency for Economic Analysis and Forecasting)

  • Andrei Vasilev

    (Agency for Economic Analysis and Forecasting)

  • Dimitar Vasilev

    (Agency for Economic Analysis and Forecasting)

  • Iglika Vasileva

    (Agency for Economic Analysis and Forecasting)

  • Nico van der Windt

Abstract

This paper describes the model of the Bulgarian economy designed, formulated and constructed within the Bulgarian Agency for Economic Analysis and Forecasting. The model is an annual model, although some of the parameters are estimated on the basis of quarterly information. Its main feature is that it is based on an integrated set of financial and national accounts. It contains both, the determination of product demand and supply, labour demand and supply in the real sector of the economy and a rather detailed monetary sector. The latter describes the main financial relations between the central bank, private banks, government and the private and foreign sectors.

Suggested Citation

  • Ognian Gerdzikov & Anton Gladnishki & Tsvetan Hadzhiyski & Mincho Karavastev & Anthonie Knoester & Gergana Mihaylova & Albena Nikolova & Plamena Petrova & Milen Troskov & Stefan Tsvetkov & Andrei Vasi, 2003. "The AEAF Model: A Medium Term Annual Model of the Bulgarian Economy," Working paper series 22003en, Agency for Economic Analysis and Forecasting.
    • Handle: RePEc:eaf:wpaper:22003en
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    More about this item

    Keywords

    general equilibrium; fiscal policy; monetary policy; Bulgaria;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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