Iglika Vassileva's Books

Rising Child Poverty in Europe: Mitigating the Scarring from the COVID-19 Pandemic

By: Mr. Jean-Jacques Hallaert,Iglika Vassileva,Tingyun Chen

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Rising Child Poverty in Europe: Mitigating the Scarring from the COVID-19 Pandemic

By: Mr. Jean-Jacques Hallaert,Iglika Vassileva,Tingyun Chen

Child poverty increased dramatically during the COVID-19 pandemic. In 2020 alone, the number of children suffering from poverty in the EU increased by 19 percent, or close to 1 million. Left unaddressed, this would not only affect individuals’ life prospects and well-being but also have long-term economic implications. This paper argues that, to limit this potential scarring effect of the pandemic, policies should be deployed to reduce rapidly the number of children affected by poverty and mitigate the long-term impact of poverty. Reducing the number of children affected by poverty can be achieved by (i) labor policies and reforms that increase parental work and the labor income of poor parents and (ii) fiscal spending on family and children that can have a powerful and immediate impact. These policies need to be complemented by public investment in education and childcare, health, and housing to mitigate the long-term impact of child poverty.

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International Monetary Fund

Published Date

ISBN 13

9798400244896

Inflation Dynamics in Bulgaria: The Role of Policies

By: Anh D. M. Nguyen,Hajime Takizawa,Iglika Vassileva

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Inflation Dynamics in Bulgaria: The Role of Policies

By: Anh D. M. Nguyen,Hajime Takizawa,Iglika Vassileva

This paper analyses inflation dynamics in Bulgaria using different complementary econometrics technics. We find that common factors play a large role in the EU’s inflation variation but impact individual countries differently due to country-specific factors. Greater weight of energy and food in Bulgaria’s CPI basket amplifies the impact of shocks on headline inflation. Furthermore, second-round effects in Bulgaria are likely pronounced, associated with a higher inflation persistence compared to the EU countries. Recent ECB monetary tightening has been insufficient for Bulgaria and its transmission is weak. Fiscal policy supported the recovery from the COVID crisis but added to inflation.

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