Macroeconomic Monitor
Home / Editor's Choice

Editor's Choice

Specially featured articles with "Evergreen" content selected by our editor-in-chief

The fiscal mistakes that the new parliament must fix

In last week's article, I presented an analysis of the state of the Bulgarian economy and public finances according to the most recent data from the National Statistical Institute and the Ministry of Finance. The situation, as we have seen, is not at all rosy. Long-term investments have collapsed, private consumption is also starting to weaken, and the negative contribution of net exports to …

More »

The new social measures: Pointless and hindering recovery

Today, Prime Minister Borissov announced a new package of economic measures to combat the crisis worth 2 billion leva, with a strong emphasis on higher healthcare spending and social spending for pensioners and the unemployed. Although these social measures are not particularly large-scale in themselves, they signal a very wrong approach …

More »

Infographic: The Failure of the Eurozone

When the idea of the Eurozone was actively promoted in the 1980s and 1990s, the main advantage of the future monetary union was the expected "convergence" or, in other words, the rapprochement that it would bring about between the different member states. The idea is that, through the shared currency, the economies of the different member states would …

More »

How to do tax reforms? A universal recipe for developing countries

tax reforms

Author: Yaroslav Romanchuk, economist and politician from Belarus, president of the Scientific Research Mises Center. (The text is Romanchuk's recommendation for tax reform in Ukraine) The world is rapidly developing in the direction of breakthrough technologies of the IV industrial revolution. Since the end of 2010, communication between people has been fundamentally different from before …

More »

Life in Britain's private villages

private villages

The charm of the English countryside is indescribable – breathtaking views, ancient narrow streets, with authentic stone architecture and beautiful houses with interiors from film sets. Before World War II, aristocratic families of the British Isles maintained large landed estates, which included, in addition to mansions, incredible parks and private villages. Today …

More »

Double standards on Bulgaria's path to ERM II and the eurozone

The native MEPs were beating their chests that they had successfully fought for new EU legislation in the field of consumer goods, through which they would prevent the so-called "double standard" of food between the eastern and western parts of the continent. Whether this is fake news or just political posturing - remains a topic of …

More »

Election Day: Who will bend the knee in Brussels?

We are witnessing a political consensus whose consequences and philosophical basis are completely ignored and excluded from public conversation. Politicians, literally from all the major powers, are talking openly about how they will transfer key elements of the country's sovereignty to one or more supranational institutions, gathered under the umbrella of the European Union. The leader of the list …

More »

The Creative Hiatus in Bulgarian Culture after the Liberation

From a historical and political point of view, there is no way to dispute the Liberation of Bulgaria from the Ottoman Empire after the Russo-Turkish War in 1877-78. This was the beginning of the new Bulgarian state with a relatively independent policy in all spheres of life, which gave many freedoms to Bulgarian citizens – or at least those who were lucky enough to have them …

More »