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Responsiveness of exchange rates to external price shocks as well as their ability to serve as a traditional vehicle for a transmission of these shocks to domestic prices is affected by exchange rate arrangement adopted by monetary authorities. As a result, exchange rate volatility determines...
Persistent link: https://www.econbiz.de/10010744600
in ERPT to CPI inflation for the Finnish economy. Within a logistic smooth transition framework, our investigations …
Persistent link: https://www.econbiz.de/10010936534
This paper investigates the possibility of constructing a composite leading indicator (CLI) of Tunisian inflation. For … doing so, partial information about future inflation rate provided by a number of basic series is analyzed first. Based on …), real effective exchange rate and crude petroleum production, are important leading indicators for inflation rate in Tunisia …
Persistent link: https://www.econbiz.de/10008606464
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special … Balassa-Samuelson effect is not an important driver of inflation rates. By contrast, we find that the initial price level and … regulated prices strongly affect inflation outcomes in a nonlinear manner and that the extension of Engel’s Law may hold during …
Persistent link: https://www.econbiz.de/10008606472
root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation …
Persistent link: https://www.econbiz.de/10005784635
The large and widening gap between economic performance in Eastern European transition economies and those of the former Soviet Union has been dubbed “the Great Divide” by Berglof and Bolton (2002). This paper provides a rationale for the gap based upon the concept of financial repression....
Persistent link: https://www.econbiz.de/10005784799
low inflation economy characterized by relatively frequent administrative price adjustments is examined. Fluctuations of …
Persistent link: https://www.econbiz.de/10005652565
The importance of analysing inflation sources and dynamics in Bulgaria is imposed by (i) the long run process of price … and inflation convergence to the Euro area and (ii) by the Currency Board operating in the country. In this study we make … explanation of inflation (or dual inflation) has acquired both academic recognition and popularity in practice in the recent years …
Persistent link: https://www.econbiz.de/10005652645
only a limited role for inflation and real exchange rate determination, and it seems to be roughly in line with earlier …
Persistent link: https://www.econbiz.de/10005652674
Econometric forecasting models typically perform bad in volatile environments as they are often present in economies in transition. Since forecasts of key macroeconomic variable are inevitable as guidelines for economic policy, one might alternatively make attempts at measuring market...
Persistent link: https://www.econbiz.de/10005677626