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Catching-up, inflation differentials and credit booms in a heterogeneous monetary union: some implications for EMU and new EU member states
MacDonald, Ronald; Wójcik, Cezary - 2006
In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a monetary union, such as EMU. To achieve this, we build on the new neoclassical synthesis (NNS) framework, recently advanced by Goodfriend (2002) and Goodfriend and...
Persistent link: https://www.econbiz.de/10010277240
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Catching Up: The Role of Demand, Supply and Regulated Price Effects on the Real Exchange Rates of Four Accession Countries
MacDonald, Ronald; Wójcik, Cezary - 2003
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession countries, with a view to making policy recommendations regarding their accession to full European Monetary Union. We employ a dynamic OLS panel estimator to investigate the relative...
Persistent link: https://www.econbiz.de/10010315632
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Catching Up: The Role of Demand, Supply and Regulated Price Effects on the Real Exchange Rates of Four Accession Countries
MacDonald, Ronald; Wójcik, Cezary - CESifo - 2003
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession countries, with a view to making policy recommendations regarding their accession to full European Monetary Union. We employ a dynamic OLS panel estimator to investigate the relative...
Persistent link: https://www.econbiz.de/10005765672
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Catching-up, Inflation Differentials and Credit Booms in a Heterogeneous Monetary Union: Some Implications for EMU and new EU Member States
MacDonald, Ronald; Wójcik, Cezary - CESifo - 2006
In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a monetary union, such as EMU. To achieve this, we build on the new neoclassical synthesis (NNS) framework, recently advanced by Goodfriend (2002) and Goodfriend and...
Persistent link: https://www.econbiz.de/10005181452
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Catching-up and inflation differentials in a heterogeneous monetary union: Some implications for the euro area and new EU Member States
MacDonald, Ronald; Wójcik, Cezary - In: Economic Systems 32 (2008) 1, pp. 4-16
We propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a monetary union, such as the euro area. We build on the new neoclassical synthesis (NNS) framework, recently advanced by Goodfriend [Goodfriend, M. 2002. Monetary Policy in the New...
Persistent link: https://www.econbiz.de/10005182321
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Catching up : the role of demand, supply and regulated price effects on the real exchange rates of four accession countries
MacDonald, Ronald; Wójcik, Cezary - 2003
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession countries, with a view to making policy recommendations regarding their accession to full European Monetary Union. We employ a dynamic OLS panel estimator to investigate the relative...
Persistent link: https://www.econbiz.de/10011506491
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Catching up : the role of demand, supply and regulated price effects on the real exchange rates of four accession countries
MacDonald, Ronald; Wójcik, Cezary - 2003
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession countries, with a view to making policy recommendations regarding their accession to full European Monetary Union. We employ a dynamic OLS panel estimator to investigate the relative...
Persistent link: https://www.econbiz.de/10001753578
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Catching up: the role of demand, supply and regulated price effects on the real exchange rates of four accession countries
MacDonald, Ronald; Wójcik, Cezary - In: Focus on transition (2002) 2, pp. 38-57
Persistent link: https://www.econbiz.de/10001733589
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Catching up : the role of demand, supply and regulated price effects on the real exchange rates of four accession countries
MacDonald, Ronald; Wójcik, Cezary - In: The economics of transition 12 (2004) 1, pp. 153-179
Persistent link: https://www.econbiz.de/10001990356
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Inflation differentials in the euro area in a new neoclassical synthesis framework
MacDonald, Ronald; Wójcik, Cezary - In: Bank i kredyt 37 (2006) 4, pp. 19-29
Persistent link: https://www.econbiz.de/10003381556