Bulgaria: Selected Issues Paper
IMF Staff Country Reports, May 13, 2015
Source details
- Canonical URL
- Bulgaria: Selected Issues Paper
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Bibliographic details
- Published: May 13, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475555059.002
Overview
- Examines inflation dynamics in Bulgaria from January 2012 to February 2015 and highlights stylized facts about inflation in the country.
- Identifies the period January 2012 to February 2015 as most relevant for attributing factors contributing to recent deflation in Bulgaria and assessing their relative importance.
- Publication date: May 13, 2015.
Methodology
- Uses regression analysis to quantify contributions of different factors to inflation dynamics during January 2012 to February 2015.
Key empirical findings
- Regression analysis suggests the most significant factor driving deflation during January 2012 to February 2015 was the inward spillover of low inflationary pressure from the European Union to Bulgaria.
- This inward EU spillover effect was further exacerbated by:
- Consecutive electricity price cuts in 2013.
- Fast-falling global commodity prices, especially since late 2014.
Thematic focus and subjects
- Primary topics addressed: Debt burden, Deflation, External debt, Financial statements, Inflation, Price controls, Prices, Public financial management (PFM).
- Keywords present in the source: capital structures, core inflation, cost structure, CR, data from the Orbis database, Debt burden, Deflation, Financial statements, firm, firms' assets, Global, headline inflation, Inflation, inflation inertia, inflation outlook, investment-to-capital ratio, ISCR, micro data, price, Price controls.
Source: Bulgaria: Selected Issues Paper, IMF Staff Country Reports, May 13, 2015.
Content in this bundle
- Bulgaria: Selected Issues; IMF Country Report 15/120; April 16, 2015