Theoretical and Applied Economics
No. 4 / 2012 (569)
Effects of the Trilemma Policies on Inflation, Growth and Volatility in Bulgaria
Southeastern Louisiana University, USA
Abstract. This paper finds evidence of the trilemma for Bulgaria, suggesting that exchange rate stability, monetary independence and free capital mobility are binding and constrained. The policy combination of exchange rate stability and monetary independence has been prevalent. More exchange rate stability increases the growth rate of real GDP whereas more monetary independence or free capital mobility reduces the growth rate. The inflation rate, inflation volatility and output volatility are not affected by either one of the three trilemma policies.
Contents
Study Regarding Fiscal Policy – Corporative Social Responsibility Correlation
Investment Activities of Businesses and the Use of European Financial Support in the Czech Republic at the Time of Crisis
Organisational Behaviour Influence Elements in the New Economic Paradigm
Effects of the Trilemma Policies on Inflation, Growth and Volatility in Bulgaria
Non Security – Premise of Cybercrime
The Economic Crisis and Working Capital Management of Companies
Contributions to the Substantiation of the National, Original and Coherent Strategy of Interruption of the Involution of Romania’s Agriculture
The Swedish Model in Employment. Post-Crisis Solutions
Optimizing Human Resource Management within Companies Experiencing Accelerated Growth, in an Unstable Economy
Modern Gravity Models of Internal Migration. The Case of Romania
The Financial Contribution of International Footballer Trading to the Romanian Football League and to the National Economy
Challenges of the Economic Science During the Crisis