of the Cointegration Approachand an Error-Correction Mechanism was opted . The results obtained have turned out as …

real exchange rate misalignments for Poland and Russia during the 1990s using the Beveridge and Nelson (1981) decomposition … substantially greater than that in Poland, indicating incipient pressures to devalue the ruble immediately preceding the August 1998 … crisis. The half life of an exogenous shock is found to be much shorter for Poland than for Russia in the pre-crisis period …

This study proposes an extension to the inflation targeting framework for Poland that takes into consideration the … policy framework is based on targeting the differential between the domestic and the implicit euro area inflation forecasts …. Adjustments of interest rates respond to changes in the relative inflation forecast, while foreign exchange market intervention is …

, Spain, Sweden and the UK which have adopted a "formal" policy of low or zero inflation target. Using cointegration analysis …This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand … and a vector error correction model (VECM), it is found that the long-run relationship between inflation and real income …

-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …

explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …

economies of Asia. Based on cointegration and vector error correction modeling the empirical results show that there exists …

capital, foreign direct investment (FDI) and information and communication technology (ICT). The Johansen (1988) cointegration …