Effects of fiscal policy and exchange rates on aggregate output in Bulgaria
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Назва: (Title) |
Effects of fiscal policy and exchange rates on aggregate output in Bulgaria |
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Автори: (Authors) |
Hsing, Yu Krenn, Mario |
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Приналежність: (Affiliation) |
College of Business, Southeastern Louisiana University, Hammond, LA 70402, USA College of Business, Southeastern Louisiana University, Hammond, LA 70402, USA |
| Бібліографічний опис: | Hsing Yu. Effects of fiscal policy and exchange rates on aggregate output in Bulgaria [Електронний ресурс] / Yu Hsing, Mario Krenn // Соціально-економічні проблеми і держава. — 2016. — Вип. 1 (14). — С. 11-17. — Режим доступу до журн.: http://sepd.tntu.edu.ua/images/stories/pdf/2016/16hyaoib.pdf. |
| Bibliographic description (International): | Hsing, Y., & Krenn, M. (2016). Effects of fiscal policy and exchange rates on aggregate output in Bulgaria. Socio-Economic Problems and the State. 14 (1), 11-17. doi:10.14254/2223-3822.2016.14-1.2 |
| Issue: | 1 |
| Volume: | 14 |
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Дата публікації: (Date of publication) |
30-Тра-2016 |
| Submitted date: | February, 2016 |
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УДК: (UDC) doi: |
10.14254/2223-3822.2016.14-1.2 |
| JEL: | E62 F31 |
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Ключові слова: (Key words) |
government debt exchange rates oil prices stock prices inflation expectations |
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Діапазон сторінок: (pages) |
11-17 |
| Анотація (Abstract): | Based on a sample during 2000.Q4 – 2015.Q1, this paper finds that equilibrium aggregate output in Bulgaria is positively associated with the real effective exchange rate, the real oil price, the real stock price and three seasonal dummy variables and negatively affected by government debt as a percent of GDP, the real interest rate and the expected inflation rate. Therefore, a prudent fiscal policy, real currency appreciation, a lower real interest rate, a healthy stock market, and a lower inflation expectation would be conducive to economy growth. |
| URI: | http://elartu.tntu.edu.ua/handle/123456789/16845 |
| ISSN: | 2223-3822 |
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Журнал „Соціально-економічні проблеми і держава“, 2016, Випуск 1(14)
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