Bulgaria's shaky macroeconomic situation is a serious obstacle for a smooth transition from central planning to markets. It has to correct large current account deficits with the convertible currency area. It has to eliminate inflationary pressures and large price distortions, and get into a path of sustainable growth. The links between inflation, money velocity, the money overhang, and the fiscal deficit are crucial for assessing probable inflationary...
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INFORMATION
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1991/04/30
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Document de travail de recherche sur les politiques
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WPS659
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1
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1
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2010/07/01
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Inflation and growth in the transition from socialism : the case of Bulgaria
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inflation
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