publication . Preprint . 2010

Bulgaria's Fiscal Expansion: Navigating Through Stormy Waters

Georgy Ganev;
Open Access
  • Published: 01 Oct 2010
Most EU governments reacted to the global economic crisis with a dramatic increase in spending. Their reactions had two main goals in mind: first, to bailout failing financial systems and second, to substitute the decline in private demand with a boost in aggregate public spending. For Bulgaria, fiscal stimulus programs proved to present their own unique set of challenges.
free text keywords: Bulgaria, financial crisis
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