Economic Archive

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  THE RELATIONSHIP BETWEEN FOOD PRODUCTION PRICES AND INFLATION IN BULGARIA

  The study aims to find relationships between the total producer price index for food products and the harmonized consumer price index for food products in Bulgaria. The analysis of the relationships aims to reveal the impact of producer prices on the final consumer price of food products, as well as the period in which the strongest relationships ... The study aims to find relationships between the total producer price index for food products and the harmonized consumer price index for food products in Bulgaria. The analysis of the relationships aims to reveal the impact of producer prices on the final consumer price of food products, as well as the period in which the strongest relationships are present. The sharp rise in food prices in Bulgaria, the macroeconomic forecasts for the continuation of this trend and their impact on the welfare of citizens make it necessary to analyse various interrelationships that serve the study and forecasting of certain processes in the country. The study concludes that there is a causal relationship between the total producer price index for food products and the harmonized consumer price index for food products in Bulgaria. In contrast to the general case where inflationary processes are transmitted from producer prices to consumer prices with a lag of 5 months, in the case of food products this happens within the same month.

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  ECONOMIC GROWTH EFFECT OF GOVERNMENT EXPENDITURE ON EDUCATION

  Education is a key area of public life and its function is to provide highly qualified human capital. The development of the field of education is directly dependent on the funds allocated for training, research and innovation. The spread of the COVID-19 epidemic crated many social and economic problems that national governments are expected ... Education is a key area of public life and its function is to provide highly qualified human capital. The development of the field of education is directly dependent on the funds allocated for training, research and innovation. The spread of the COVID-19 epidemic crated many social and economic problems that national governments are expected resolve quickly and effectively by finding rational solutions. Education is one of the areas of strategic importance for overcoming the consequences of the pandemic. It is an important part of the public sector in which education, training and acquisition of knowledge and skills take place.

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  ECONOMIC POLICIES OF THE EUROPEAN UNION – CONCORDANCE OR DISCORDANCE?

  The series of severe global and regional crises of various nature in recent decades, as well as the erratic success of the various anti-crisis measures undertaken by the European Union raise the issue of examining the concordance among the Union's economic policies. This study examines the coordination between EU’s monetary and fiscal policy to ... The series of severe global and regional crises of various nature in recent decades, as well as the erratic success of the various anti-crisis measures undertaken by the European Union raise the issue of examining the concordance among the Union's economic policies. This study examines the coordination between EU’s monetary and fiscal policy to reveal that it is weak, which can be attributed to some crisis resolution shortcomings. The reasons for this incoherence can be found both in the institutional structure of the European financial institutions and in some rigid strategies of the Union (unwillingness to pursue a common fiscal policy, frugal budget spending policies, etc.)