This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...

This book brings together a wide range of policy experts from both old and new European Union member states, as well as from the US, and presents their insights, observations and research on the future of economic and social models in Europe. This book is an essential companion for all...