The paper analyzes the forces driving inflation in the new EU10 member countries. A significant part of headline … inflation in these countries is due to common factors, such as price level convergence and EU integration. However …, idiosyncratic factors have also played a role in the inflation process. These factors are related to the country-specific financial …

Intro -- Contents -- I. INTRODUCTION -- II. INFLATION IN THE EUROPEAN UNION -- III. HOW COSTLY CAN DISINFLATION BE AND …