This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over …€”an inverted Ushaped relationship between income inequality and economic development—in China and the panel of BRIC+ countries …. In the case of China, the empirical results indicate that government spending and taxation have opposing effects on …

This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United … developments in China than to shocks in the Euro Area or the United States, in line with the direction of evolving trade patterns … and the emergence of China as a key driver of the global economy. Outward spillovers from the GCC region and MENA oil …

This 2013 Article IV Consultation highlights that in the aftermath of the global financial crisis, growth in Bulgaria …

Bulgaria did not have any exchange rate crisis, international bailout, bank intervention, or build-up of public debt …

This Selected Issues paper reviews recent developments in growth and employment in Bulgaria and highlights key …

With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen … economic activity in Bulgaria using econometric and model-based approaches. While fiscal multipliers have been modest in the …

This paper focuses on EU structural and cohesion funds assistance to Bulgaria during the 2007–13 program period …