prices. Stringent fixed exchange rate systems have exerted downward pressure on inflation both directly and via expectations … of future inflation. Measures of excess capacity in the labour market have no effect on inflation, while industrial … output gaps have some explanatory power. Real oil price shocks have an immediate but short-lived impact on inflation …

This study investigates asymmetry in the impact of domestic inflation drivers in the Baltic States, focusing on the … affect the inflation rate by employing a nonlinear autoregressive distributed lag approach (NARDL) and the Phillips curve …. Empirical results demonstrate the long-run asymmetry as inflation in Estonia and Lithuania responds more significantly to …

This study investigates asymmetry in the impact of domestic inflation drivers in the Baltic States, focusing on the … affect the inflation rate by employing a nonlinear autoregressive distributed lag approach (NARDL) and the Phillips curve …. Empirical results demonstrate the long-run asymmetry as inflation in Estonia and Lithuania responds more significantly to …

Regression model for the period 1995Q1 to 2018Q2. The empirical evidence reveals the existence of two inflation regimes during … the period under review. Food inflation, energy inflation, firms’ marginal cost, and imported inflation account for most … exchange rate solely explains price changes in the composite consumers’ basket when inflation switches to high regime …