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A research on the relationship between the unemployment rate and the inflation rate in Bulgaria

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  • Milen Velev

Abstract

This study examined the causal and quantitative relationships between the unemployment rate and the the inflation rate in Bulgaria. The statistical analysis studied the relationship between the two economic variables using monthly and annual data. A comparison has been made of the results obtained for Bulgaria and European Union (28 countries). An assessment of the equilibrium level of unemployment (NAIRU1) for the period 2000-2013 (annual data) and January 2000 – March 2014 (monthly data) has been performed.

Suggested Citation

  • Milen Velev, 2015. "A research on the relationship between the unemployment rate and the inflation rate in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 40-59,60-79.
    • Handle: RePEc:bas:econth:y:2015:i:1:p:40-59,60-79
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    References listed on IDEAS

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    1. Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780199279173.
    2. Laurence M. Ball, 2009. "Hysteresis in Unemployment: Old and New Evidence," NBER Working Papers 14818, National Bureau of Economic Research, Inc.
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    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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