economies during the period 1991:Q1 to 2001:Q2. However, productivity growth does not fully translate into price in-creases due … to the structure of CPI indexes. We thus argue that productivity growth will not hinder the ability of the five EU … accession candidates to meet the Maastricht criterion on inflation in the medium term. Moreover, the observed appreciation of …

propagating inflation in the home economy …

inflation for three crisis-hidden transition economies (Bulgaria, Romania and Russia). The results indicate that while fiscal … deficits have increased inflation in Bulgaria to a certain extent, this has not been the case in Romania and Russia. Even in … the Bulgarian case, the usual money aggregate has proven more influential to inflation than fiscal deficits. The analysis …

demand, and expected inflation rate are determined as functions of the exogenous risks in the economy. The main issue … addressed are: domestic money demand, currency substitution ratio, expected rate of inflation, real asset returns, the …