​We apply several tests to the underlying inflation metrics used in practice by central banks and/or proposed in the … measure of underlying inflation, indicators calculated on the basis of dynamic factor models are generally among the best …

inflation for three crisis-hidden transition economies (Bulgaria, Romania and Russia). The results indicate that while fiscal … deficits have increased inflation in Bulgaria to a certain extent, this has not been the case in Romania and Russia. Even in … the Bulgarian case, the usual money aggregate has proven more influential to inflation than fiscal deficits. The analysis …

inflation for three transition economies (Bulgaria, Romania and Russia). The results indicate that fiscal deficits have … increased inflation in Bulgaria and Romania but not in the case of Russia. In Bulgaria and Romania, money aggregates and … exchange rate have also been more influential to inflation than fiscal deficits. The analysis based on this method therefore …