Here is the synopsis of our sample research paper on Economic Advice for Bulgaria. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 4 page paper considers the economic position of Bulgarian in 2010 and provides potential advice to help the government improve the economic position, looking at both fiscal and monetary policies. The bibliography cites 3 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEecpolbul.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
of factors challenging economic stability, including the migration of industrial jobs to areas where there were lower wages and overheads. The country also has the desire to join the Eurozone
and be a part of the single European currency, but to do this the country not only needs to have a stable economy they need to meet the convergence criteria
to take part in the Stability and Growth Pact (SGP). The requirements for economic compliance are for government spending to be under control, with the total amount of government borrowing
not exceeding 60% of the GDP, the government deficit needs to be no more that 3% of GDP (European Commission, 2010). Inflation needs to be under control, not exceeding 1.5%
of the average of the best three countries within the EU, and the long-term interest rates should be within 2% of the average interest rate of the same three countries
with the lowest inflation rate (European Commission, 2010). The question is how this can be achieved as it will require investment in order to stimulate jobs as well as the
use of constraints and controls to reduce borrowing. In the policies that are adopted it is also essential that the markets have faith in the governments ability to undertake the
actions and create reform and manage the economy, this will engender consumer support and confidence, which is needed for a recovery, as well as gain support in the money markets.
The main tool is likely to be the use of monetary policies. Monetary policy is the way in which a government or
central bank can influence and control the money supply in order to have can influence on the different aspects of the economy. In order to best understand monetary policy it
...