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Full-Text Articles in Macroeconomics
Philadelphia Fed Forecasting Surveys: Their Value For Research, Dean D. Croushore
Philadelphia Fed Forecasting Surveys: Their Value For Research, Dean D. Croushore
Economics Faculty Publications
The Federal Reserve Bank of Philadelphia has conducted both the Survey of Professional Forecasters and the Livingston Survey for 20 years. Both surveys of private-sector forecasters provide researchers, central bankers, news media, and the public with detailed forecasts of major macroeconomic variables. The surveys have proved helpful for people who are planning for the future, and they have also provided useful input into the decisions of policymakers at the Federal Reserve and elsewhere. In this article, Dean Croushore provides an overview of the surveys and discusses the ways in which researchers have used the surveys.
Economic Crisis And Reform In Bulgaria, 1989-92, Jonathan B. Wight, M. Louise Fox
Economic Crisis And Reform In Bulgaria, 1989-92, Jonathan B. Wight, M. Louise Fox
Economics Faculty Publications
Bulgaria's economy began a deep and prolonged collapse in 1989, exactly one hundred years after the noted Bulgarian novelist Ivan Vazov published his stirring novel opposing the tyranny of the Ottomans and warning of the mistaken road of socialism. The 1989 collapse was partially a reflection of the external political upheavals among Bulgaria's trading partners in Eastern Europe, which were rejecting socialist principles. But it was also a reflection of the weaknesses imbedded in the economy after 30 years of central planning. Political instability within Bulgaria, market reforms, and attempts at privatization contributed further to economic uncertainty resulting in a …