respect to their previously used systems of exchange rate regimes. Also experiences concerning suppressing inflation and … examine formation of inflation processes within the conditions of various exchange rate regimes existing in the analyzed …

of uncontested success in the fight against inflation in the first decade of the transition and economic growth, entering …

part of the excess inflation registered in European catching-up countries, while other factors may be at play. The role of … growth (i.e. the difference between traded and non-traded sector productivity growth) on the dual inflation differential is … foster excess inflation in a catching-up country which cannot be accounted for by the process of real convergence. …

inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related … non-traded sectors) on the dual inflation differential is more than twice as large as that in the "flexible" countries. We … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …

The Balassa–Samuelson (B–S) hypothesis suggests that, in catching-up countries, inflation will be comparatively higher … part of the excess inflation observed in European catching-up countries. One feature of these studies is their neglect of … non-traded sectors) on the dual inflation differential is twice as large as that in “flexible” countries. We conclude that …

three dominant policy strategies of money targeting, exchange rate targeting and inflation targeting. Several of the lessons …

three dominant policy strategies of money targeting, exchange rate targeting and inflation targeting. Several of the lessons …

This paper aims to reassess the contribution of the Balassa-Samuelson effect to the inflation and real exchange rate … points on average of inflation differential relative to the euro area and around 1 percentage point of the total domestic … inflation. The results are robust across the model specification and estimation method. Most of the results point out that the …

This paper provides an empirical study of the asymmetrical spillovers of the euro-US dollar exchange rate on inflation … the only key factor, in determining the asymmetry in inflation between core and periphery. The nominal effective exchange … rate instead is a very important driver for the inflation only considering the whole euro zone. Therefore, the EMU seems to …

inflation in the euro zone, dividing the sample in two groups of countries: core and periphery. Then we test if the euro … inflation dynamics. Using a dynamic panel data framework based on an exchange rate pass-through model, we estimate the … factor, in determining the asymmetry in HICP inflation between core and periphery. The nominal effective exchange rate …