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Dynamics of the Financial Wealth of the Institutional Sectors in Bulgaria: Empirical Studies of the Post-Communist Period
Nenovsky, Nikolay; Mihaylova, Gergana - 2007
The question of who benefits and who loses from the transition, the channels and mechanisms of redistribution of wealth … in the post-communist period, and the relation between redistribution and monetary regime are, in our opinion … sectors in Bulgaria in the period 1998-2005 and to identify the major net creditors and net debtors. The empirical data used …
Persistent link: https://www.econbiz.de/10009476895
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Dynamics of the Financial Wealth of the Institutional Sectors in Bulgaria : Empirical Studies of the Post-Communist Period
Nenovsky, Nikolay - 2007
The question of who benefits and who loses from the transition, the channels and mechanisms of redistribution of wealth … in the post-communist period, and the relation between redistribution and monetary regime are, in our opinion … sectors in Bulgaria in the period 1998-2005 and to identify the major net creditors and net debtors. The empirical data used …
Persistent link: https://www.econbiz.de/10012730035
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Dynamics of the Financial Wealth of the Institutional Sectors in Bulgaria for the Period 1990 – 2005
Nenovsky, Nikolay; Mihaylova, Gergana - In: Economic Thought journal (2007) 4, pp. 72-92
The transitional period is always connected to redistribution processes and change in the financial wealth of the … economic agents. The examination of the redistribution of wealth and its dynamics is important related to the possibilities for … of financial wealth of the institutional sectors in Bulgaria for the period 1990 – 2005 is assessed and analyzed. The …
Persistent link: https://www.econbiz.de/10005385214
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Bulgarian Households Income Redistribution : Feasible Estimates of Main Tax-Benefit Redistribution Indices for 2003
Boshnakov, Venelin N. - 2007
The proposed paper provides trial estimates for particular indices of household factor income redistribution as a … result of the bidirectional intervention of direct taxes and social transfers in Bulgaria for year 2003. Musgrave …
Persistent link: https://www.econbiz.de/10014053043
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Measuring the Institutional Change of the Monetary Regime in a Political Economy Perspective
Nenovsky, Nikolay - 2005
introduction of the Currency Board in Bulgaria, in 1997, reveals the main actors' evolving relative positions …
Persistent link: https://www.econbiz.de/10012736907
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The Disintegration of the Ruble Zone : Driving Forces and Proposals for Policy Change
Orlowski, Lucjan T. - 2005
This paper examines the irreversible process of the ruble zone disintegration. The theoretical fundamentals of a common currency area, with modifications incorporating a mechanism of transition from central planning, are discussed. The key reason for the ruble zone break-up is the...
Persistent link: https://www.econbiz.de/10014065654
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Monetary Convergence on the Road to EMU: Conceptual Issues for Eastern Europe
Nenovsky, Nikolay - International Centre for Economic Research (ICER) - 2006
Traditional monetary and economic convergence in accordance with the Optimal Currency Areas model has a number of limitations. Above all, it fails to assess the state of formal and informal monetary institutions. Adequate for an industrial society, it does not address the change to a globalising...
Persistent link: https://www.econbiz.de/10004972556
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Measuring the Institutional Change of the Monetary Regime in a Political Economy Perspective (Groups of interest and monetary variables during the Currency Board introduction in Bu...
Nenovsky, Nikolay; Rizopoulos, Yorgos - William Davidson Institute, University of Michigan - 2004
introduction of the Currency Board in Bulgaria, in 1997, reveals the main actors' evolving relative positions. …
Persistent link: https://www.econbiz.de/10005652519
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Heterogeneity and Persistence in Returns to Wealth
Fagereng, Andreas; Guiso, Luigi; Malacrino, Davide; … - 2018
We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their...
Persistent link: https://www.econbiz.de/10011887367
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Life Cycle Saving and Dissaving Revisited across Three-Tiered Income Groups: Starting Hypotheses, Refinement through Literature Review, and Ideas for Empirical Testing
Holzmann, Robert; Ayuso, Mercedes; Alaminos, Estefanía; … - 2019
The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is often at odd with this assumption giving rise to our...
Persistent link: https://www.econbiz.de/10012141291