Coping with Macroeconomic Imbalances: Bulgaria’s Experience during the Global Turmoil
By: Dobrinsky, Rumen.
Material type:
BookSeries: wiiw Policy Notes and Reports: 8Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2012Description: 29 S., 1 Table and 17 Figures, 30cm.Countries covered: BulgariaOnline resources: Click here to access online Summary: It is textbook knowledge that economic crises are in most cases associated with the
accumulation of macroeconomic imbalances. In turn, macroeconomic imbalances emerge
as the result of imbalanced growth. In the ideal world of equilibrium, all macroeconomic
variables change at the same, equilibrium growth rate. The real world is one of disharmony
and disequilibria, when there are significant divergences in the rates of growth of economic
variables. When speed differentials are within certain limits, the resulting macroeconomic
imbalances are manageable through the instruments of macroeconomic policy and are not
a matter of concern. Crises emerge when disequilibria get out of control and the economy
is incapable of coping with significant speed differentials among key economic variables. ...
| Cover image | Item type | Current library | Home library | Collection | Shelving location | Call number | Materials specified | Vol info | URL | Copy number | Status | Notes | Date due | Barcode | Item holds | Item hold queue priority | Course reserves | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paper | WIIW Library | /8 (Browse shelf(Opens below)) | Available | 1000010002391 |
It is textbook knowledge that economic crises are in most cases associated with the
accumulation of macroeconomic imbalances. In turn, macroeconomic imbalances emerge
as the result of imbalanced growth. In the ideal world of equilibrium, all macroeconomic
variables change at the same, equilibrium growth rate. The real world is one of disharmony
and disequilibria, when there are significant divergences in the rates of growth of economic
variables. When speed differentials are within certain limits, the resulting macroeconomic
imbalances are manageable through the instruments of macroeconomic policy and are not
a matter of concern. Crises emerge when disequilibria get out of control and the economy
is incapable of coping with significant speed differentials among key economic variables. ...
Click on an image to view it in the image viewer