Macroeconomic Monitor
Начало / 2017 (страница 21)

2017

Media Fattening Month

In just a few days, the official election campaign will begin. Smiling and presentable party members will pour out promises of a bright future, solutions to every problem, a new child for every grandmother and… media vouchers. We decided to write a few lines about them, provoked by an incident on Facebook, which we became unwitting witnesses to. Yesterday (22.02) in …

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How spending cuts affect election results

Six years ago, a study by Alberto Alesina, Dorian Carloni, and Giampaolo Lecce was published entitled “Electoral Consequences of Large Fiscal Adjustments.” In it, the authors dispute the thesis that large reductions in budget deficits (for which the term “fiscal adjustments” is used) lead to worse electoral results for political parties that …

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Monthly Macroeconomic Monitor: Strong growth in industry, sharp acceleration in inflation

growth of the Bulgarian economy

Highlights: Data indicate faster growth of the Bulgarian economy towards the end of 2016. In December, production in the manufacturing industry on an annual basis grew at the fastest rate since 2011. Growth in industrial turnover reached the highest rate in the last 21 months. Retail trade grows at a strong pace, stimulated by the Christmas holidays…

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Bulgaria in the Index of Economic Freedom 2017

For the past 12 years, the Heritage Foundation, one of the leading and most renowned institutions in the field of economic freedom and policy research, has published its annual Index of Economic Freedom in countries around the world. 2016 is no exception, and Bulgaria reports better results compared to its performance last year, but …

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What are the most dangerous economic promises that parties have made so far?

The most notable (and frightening!) part of the election campaign so far has been the unprecedented escalation of populist economic promises from parties that have already announced some of their economic programs. Almost all parties are pushing each other to propose "solidarity" economic policies, which would have very negative consequences for both the state budget and...

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(Im)Possible reforms in the NHIF

The state in which the healthcare system was left by Dr. Petar Moskov is bordering on deplorable. The National Health Insurance Fund (NHIF) again ran a deficit of 50 million leva at the end of 2016, and by now it has grown to 72 million leva. The fingerprint system turned out to be …

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Four questions in the inequality debate

A change in presidency will not reduce the amount of time and energy some people will spend debating the issue of growing inequality between rich and poor. In fact, I expect to see such debates become more frequent and more intense. I have written many articles and given many speeches on the issues, …

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"The Chained Duck"[1] and the Art of Communication

I'll start with a little linguistics. The original meaning of the word "art" with the Latin root ars, artis is "dexterity, craft, technical skill", but also "approach, cunning, way of behaving". Only much later did the modern interpretation of the word appear as "creation of a work". And the word canard is translated as duck, but there is ...

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Electoral (and other) challenges facing the DEOS party

For almost a year, despite my avowed hatred of the phenomenon of a “political party” in its modern Bulgarian form, I have been a member of the Supervisory Board of the Movement for European Unification and Solidarity (DEOS) party. I accepted the invitation as a representative of the Bulgarian Libertarian Society, not only because I was invited by our members and I wish to …

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