Baxter, M. and R. G. King (1993): Fiscal Policy in General Equilibrium, American Economic Review 83, 315–334.Google Scholar
Bulgarian National Bank (2015): Bulgarian National Bank Statistics. Available on-line at www.bnb.bg (Accessed October 21, 2015).
Chamley, C. (1986): Optimal Taxation of Capital Income in General Equilibrium, Econometrica 54, 604–622.Google Scholar
Chari, V.V. and P. Kehoe (1999): Optimal Fiscal and Monetary Policy, in: J. Taylor and M. Woodford (eds.) Handbook of Macroeconomics, vol.1. Amsterdam, North-Holland: Elsevier.Google Scholar
Christiano, L. and M. Eichenbaum (1992): Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations, American Economic Review 82, 430–450.Google Scholar
Laczo, S. and R. Rossi (2015): Time-Consistent Consumption Taxation, Mimeo.
Mendoza, E. and L. Tesar. (1998): The International Ramification of Tax Reforms: Supply-Side Economics in a Global Economy, American Economic Review 88(1),226–245.Google Scholar
Motta, G., and R. Rossi (2016): Optimal Fiscal Policy with Consumption Taxation, Working Paper.
National Statistical Institute (2015): Aggregate Statistical Indicators. Available on-line at www.nsi.bg (Accessed October 21, 2015).
Schmitt-Grohe, S. and M. Uribe (2006): Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic Model, in: NBER Macroeconomics Annual 2005. MIT Press, Cambridge, MA, 383–425.Google Scholar
Turnovsky, S.J. (2000): Fiscal Policy, Elastic Labor Supply, and Endogenous Growth, Journal of Monetary Economics 45, 185–210.Google Scholar
Vasilev, A. (2013): Essays on Real Business Cycle Modelling and the Public Sector, Unpublished PhD Thesis, University of Glasgow, UK.Google Scholar
Vasilev, A. (2016): Optimal Fiscal Policy in the Presence of VAT Evasion: The Case of Bulgaria, EconStor Preprints 148049, ZBW - German National Library of Economics.Google Scholar
WDI (2015): World Development Indicators. Available on-line at www.worldbank.org/data/wdi (Accessed October 21, 2015).
Zhu, X. (1992): Optimal Fiscal Policy in a Stochastic Growth Model, Journal of Monetary Economics 58, 250–289.Google Scholar
About the article
Published Online: 2018-01-24
Published in Print: 2018-03-26