The study presents a dynamic model of inflation. The state-owned enterprises behaviour during the process of transition to a market economy has been thoroughly investigated. The model is based on the statistical data for Bulgarian economy, but its more general analytical framework allows its...

This paper promotes competition as an anti-inflationary factor, aiming to estimate the fixed exchange rate effect on the overall price level under free trade regime versus protectionism. Domestic and external competition impacts have been examined separately. The disadvantages of protecting...