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IMPULSE ANALYSES OF THE ROMANIAN INFLATION

Pelinescu, Elena; Dospinescu, Andrei Silviu - In: Journal for Economic Forecasting 2 (2005) 4, pp. 5-24

This paper is organized in two parts, an overview of the evolution of inflation, highlighting the factors that … influenced the persistent inflation in Romania, and a VAR model for the impulse analyses. The purpose of the paper is to present … and the impact of external shocks (such as international price of oil) on the development of inflation. …

Persistent link: https://www.econbiz.de/10005827603

MODELING INFLATION IN ROMANIA

Pelinescu, Elena; Turlea, Geomina - In: Journal for Economic Forecasting 1 (2004) 4, pp. 68-86

This paper is organized in three parts: a discussion of general issues, an overview of evolution of inflation …, highlighting the stages of the persistent inflation in Romania, and a model of Romanian inflation using VAR methodology. The … purpose of the paper is to present an efficient instrument for simulation and research of inflation and its determinants in …

Persistent link: https://www.econbiz.de/10005827628

Price Convergence: What Can the Balassa-Samuelson Model Tell Us?

Holub, Tomas; Cihak, Martin - Česká Národní Banka - 2003

The paper provides a theoretical reference point for discussions on adjustments in price levels and relative prices. The authors present a 'nested' model integrating the Balassa-Samuelson model of the real equilibrium exchange rate with a model of accumulation of capital and with the demand side...

Persistent link: https://www.econbiz.de/10005765475

A MODEL TO FORECAST THE MONTHLY INFLATION IN ROMANIA

Pelinescu, Elena; Dospinescu, Andrei Silviu - In: Journal for Economic Forecasting 2 (2005) 3, pp. 37-58

This paper is organized in two parts, the presentation of the model of inflation for Romania, and the results of … simulation and research of inflation and its determinants in Romania, with a focus on the short-term impact of the changes in … international oil price, on the future inflation in Romania. …

Persistent link: https://www.econbiz.de/10005772666

Price Convergence toward the EU: A Few Open Issues

Èihák, Martin; Holub, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 6, pp. 349-362

This article attempts to answer a few open questions related to price convergence in the Czech Republic and in other Central and Eastern European Countries toward prices in the European Union. The authors address the following issues: First, what, from the theoretical viewpoint, should the...

Persistent link: https://www.econbiz.de/10008549821

Price Convergence: What Can the Balassa-Samuelson Model Tell Us? (in English)

Èihák, Martin; Holub, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 53 (2003) 7-8, pp. 334-355

The article contributes to the theory of convergence in the price level and relative prices. The authors present a model integrating the Balassa-Samuelson model of real equilibrium exchange rate with a model of capital accumulation and with the demand side of the economy. They also show how the...

Persistent link: https://www.econbiz.de/10008495795

Price Convergence to the EU: What Do the 1999 ICP Data Tell Us?

Cihak, Martin; Holub, Tomas - Česká Národní Banka - 2003

The paper analyses the price convergence in the Czech Republic and other Central and Eastern European (CEE) countries towards the European Union (EU). Cross-country comparisons based on the International Comparison Project (ICP) 1999 are used. The authors conclude that in a benchmark convergence...

Persistent link: https://www.econbiz.de/10005405576

Price Convergence in EU-Accession Countries: Evidence from the International Comparison

Cihak, Martin; Holub, Tomas - In: Economie Internationale (2005) 102, pp. 59-82

The authors analyse price convergence in new EU countries. They estimate the price level elasticity with respect to the GDP in PPP to be 0.7–0.9 percent. They also analyse additional sources of price level convergence, such as terms-of-trade changes or price deregulation. The average speed of...

Persistent link: https://www.econbiz.de/10005406477

Inflationary effect of oil-price shocks in an imperfect market: A partial transmission input–output analysis

Wu, Libo; Li, Jing; Zhang, ZhongXiang - In: Journal of Policy Modeling 35 (2013) 2, pp. 354-369

-price shocks from spreading into its domestic inflation, especially in the short term. However, in order to strengthen the economy …

Persistent link: https://www.econbiz.de/10010703091

Inflationary Effect of Oil-Price Shocks in an Imperfect Market: A Partial Transmission Input-output Analysis

Wu, Libo; Li, Jing; Zhang, ZhongXiang - Fondazione ENI Enrico Mattei (FEEM) - 2011

inflation, especially in the short term. However, in order to strengthen the economy’s resilience to oil-price shocks, the paper …

Persistent link: https://www.econbiz.de/10009002686