Macroeconomic Monitor
Home / Economy (page 6)

Economy

Concession this: Water and Sewerage and the benefits of private provision of public water

I dedicate this article to my friend Vladimir Karolev, with whom we have repeatedly discussed the concessioning of water, district heating, resorts, beaches and services. [i] After St. George’s Day, state television spread the news that the water supply companies were planning to raise the price of water. As the drafter and introducer of the modern (since 1991) law on the protection …

More »

What can the government do against inflation?

The inflation crisis in the country (and the world) is deepening and looks set to continue to deepen in the coming months. The war in Ukraine and the economic sanctions imposed by the European Union on Russia have reinforced the already strong inflationary trends and are leading to a shock increase in the prices of a number of raw materials – food, energy and industrial (for …

More »

Why removing the green certificate is a good idea

We call for the immediate abolition of the so-called "Green Certificates" as a requirement for admission to commercial, entertainment and other public facilities in Bulgaria. We welcome the government's forecasts that by March 20 there will be almost no need for any restrictive measures to prevent the spread of Covid-19, including green certificates. However, the TEAM believes that ...

More »

The problem of drug inflation needs a solution

“Inflation is taxation without legislation” – this phrase, uttered by the American economist Milton Friedman, is universal and valid for every period of inflation from the past to the present. Another part of his thesis is that inflation is a purely monetary phenomenon, or more clearly – when too much money …

More »

Study: If Bulgaria adopts the euro, prices will rise even faster

The transition from a currency board to a conventional monetary policy (the euro, for example) will, all other things being equal, contribute to an increase in the inflation rate in Bulgaria. Not only an initial change in prices as a result of rounding can be expected, but also a permanently accelerated inflation due to the change in the monetary regime. In all countries, …

More »