Contemporary Macroeconomic Role of Exogenous Shocks Cover Image

Съвременна макроикономическа роля на екзогенните шокове
Contemporary Macroeconomic Role of Exogenous Shocks

Author(s): Veniamin Todorov
Subject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, Supranational / Global Economy, Business Economy / Management, Sociology, Economic policy, Economic development
Published by: Великотърновски университет „Св. св. Кирил и Методий”
Keywords: exogenous shocks; business cycle; macroeconomic activity; COVID-19

Summary/Abstract: The study focuses on the idiosyncrasies of contemporary exogenous shocks and their macroeconomic role as determinants of the business cycle dynamics. On the one hand, it analyzes the place of exogenous shocks in contemporary research approaches. On the other hand, it derives the key parameters of those types of shocks that determine their significant role as contemporary fluctuation factors, decisively influencing macroeconomic activity. The COVID-19 pandemic and the 2010 Haiti earthquake are used in the scientific investigation.

  • Issue Year: 2022
  • Issue No: 2
  • Page Range: 188-198
  • Page Count: 11
  • Language: Bulgarian