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...

В настоящото изследване е направен опит за оценка на финансовите потоци, минаващи през сектора на домакинствата в България за периода 1990-1993 г., въз основа на...

This paper describes the model of the Bulgarian economy designed, formulated and constructed within the Bulgarian Agency for Economic Analysis and Forecasting. The model is an annual model, although some of the parameters are estimated on the basis of quarterly information. Its main feature is...

The real increase of the households’ consumption contributes largely to the economic growth. The consumption function is an important element of each macroeconomic model. The current research aims at explaining the factors, which impact on households’ consumption in long-term and short-term...