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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 …
Persistent link: https://www.econbiz.de/10010191206
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 …
Persistent link: https://www.econbiz.de/10010328933
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 …
Persistent link: https://www.econbiz.de/10011128045
and beyond the determinants of currency invoicing (i.e., inflation rate, inflation volatility, foreign exchange market … by a drop in inflation volatility. …
Persistent link: https://www.econbiz.de/10010275698
and beyond the determinants of currency invoicing (i.e., inflation rate, inflation volatility, foreign exchange market … by a drop in inflation volatility. …
Persistent link: https://www.econbiz.de/10008533991
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 …
Persistent link: https://www.econbiz.de/10010571379
In the present study we analyse relevant macro- and microeconomic forces driving inflation in the Czech Republic with a … nominal trend appreciation of the koruna after euro adoption are likely to be rather low. In contrast, a low inflation … that inflation hikes will remain limited after the euro adoption. The fulfilment of the Maastricht inflation criterion …
Persistent link: https://www.econbiz.de/10011345423
In the present study we analyse relevant macro- and microeconomic forces driving inflation in the Czech Republic with a … nominal trend appreciation of the koruna after euro adoption are likely to be rather low. In contrast, a low inflation … that inflation hikes will remain limited after the euro adoption. The fulfilment of the Maastricht inflation criterion …
Persistent link: https://www.econbiz.de/10011347044
In the present study we analyse relevant macro- and microeconomic forces driving inflation in the Czech Republic with a … nominal trend appreciation of the koruna after euro adoption are likely to be rather low. In contrast, a low inflation … that inflation hikes will remain limited after the euro adoption. The fulfilment of the Maastricht inflation criterion …
Persistent link: https://www.econbiz.de/10005558198
basket and the estimate shows that Euro’s has increased during the period, consistent with the goals against inflation. This …
Persistent link: https://www.econbiz.de/10008516570