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Prices and Price Convergence in Emerging Europe: an Overview

Égert, Balázs - In: National Institute Economic Review 204 (2008) 1, pp. 66-84

This paper seeks to provide a comprehensive overview of the long-term factors that explain divergent price levels across developed and emerging European countries. We provide stylised facts about the structural factors that influence market and non-market-based service, house and goods prices....

Persistent link: https://www.econbiz.de/10011144539

Real convergence, price level convergence and inflation differentials in Europe

Égert, Balázs - 2007

economic convergence may push up inflation rates in transition economies. Cyclical effects and regulated prices are found to be … exchange rate plays a prominent (but declining) role in transition economies. …

Persistent link: https://www.econbiz.de/10010264234

Modeling institutions, start-ups and productivity during transition

Brixiova, Zuzana; Égert, Balázs - 2010

The transition paths from plan to market have varied markedly across countries. Central and Eastern European and the … firms at an earlier stage of transition, underscoring the importance of reforms. The role of the state sector as an employer … during transition rises in countries where reforming institutions is particularly costly. …

Persistent link: https://www.econbiz.de/10010273819

Dutch disease in former Soviet Union: Witch-hunting?

Égert, Balázs - 2009

This study seeks to determine the extent to which countries of the former Soviet Union are infected” by the Dutch Disease. We take a detailed look at the functioning of the transmission mechanism of the Dutch Disease, i.e. the chains that run from commodity prices to real output in...

Persistent link: https://www.econbiz.de/10011430820

Dutch Disease in Former Soviet Union: Witch-Hunting

Égert, Balázs - CASE-Center for Social and Economic Research - 2009

This study seeks to determine the extent to which countries of the former Soviet Union are "infected" by the Dutch Disease. We take a detailed look at the functioning of the transmission mechanism of the Dutch Disease, i.e. the chains that run from commodity prices to real output in...

Persistent link: https://www.econbiz.de/10008633038

Monetary Transmission Mechanism in Central & Eastern Europe: Gliding on a Wind of Change

Coricelli, Fabrizio; Égert, Balázs; MacDonald, Ronald - 2006

This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while laying out the functioning of the separate channels in the MTM, it explores possible interrelations between different...

Persistent link: https://www.econbiz.de/10009476887

Nominal and Real Convergence in Estonia: The Balassa-Samuelson (dis)connection

Égert, Balázs - 2003

The objective of the paper is to analyse the nominal and real convergence process in Estonia drawing on the Balassa-Samuelson (B-S) framework. A 15-sectoral breakdown for GDP and a 5-digit level CPI data disaggregation with over 260 items is used for the period 1993:Q1 to 2002:Q1 to show that...

Persistent link: https://www.econbiz.de/10009477083

Equilibrium Real Exchange Rates in Central Europe's Transition Economies: Knocking on Heaven's Door

Égert, Balázs - 2002

The purpose of this paper is to study the equilibrium real exchange rate (ERER) in 5 CEE transition economies, namely … among the 5 transition countries. …

Persistent link: https://www.econbiz.de/10009477472

Equilibrium Exchange Rates in the Transition: The Tradable Price-Based Real Appreciation and Estimation Uncertainty

Égert, Balázs; Lommatzsch, Kirsten - 2004

This paper sets out to estimate equilibrium real exchange rates for the Czech Republic, Hungary, Poland, Slovakia and Slovenia. A theoretical model is developed that provides an explanation for the appreciation of the real exchange rate based on tradable prices in the acceding countries. Our...

Persistent link: https://www.econbiz.de/10009477513

Interest Rate Pass-Through in New EU Member States: The Case of the Czech Republic, Hungary and Poland

Crespo-Cuaresma, Jesús; Égert, Balázs; Reininger, Thomas - 2004

The characteristics of the interest rate pass-through in the Czech Republic, Hungary and Poland are studied making use of autoregressive distributed lags (ARDL) models. Significant differences are found across market interest rates and countries concerning long-run elasticities of market...

Persistent link: https://www.econbiz.de/10009477526