In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European … well supported in the new EU member states. We also find that the inflation process is dominated by domestic variables in …

In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European … well supported in the new EU member states. We also find that the inflation process is dominated by domestic variables in …

In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European … well supported in the new EU member states. We also find that the inflation process is dominated by domestic variables in … Keynesian Phillips Curve ; small open economies ; inflation dynamics ; new EU member countries ; GMM estimation …

, thus allowing a comparison of the relevance of domestic versus external determinants of CPI inflation dynamics. For most … countries in our sample the expected relative change in the terms of trade emerges as a more relevant inflation driver than the …

, thus allowing a comparison of the relevance of domestic versus external determinants of CPI inflation dynamics. For most … countries in our sample the expected relative change in the terms of trade emerges as a more relevant inflation driver than the …

, thus allowing a comparison of the relevance of domestic versus external determinants of CPI inflation dynamics. For most … countries in our sample the expected relative change in the terms of trade emerges as a more relevant inflation driver than the …

, thus allowing a comparison of the relevance of domestic versus external determinants of CPI inflation dynamics. For most … countries in our sample the expected relative change in the terms of trade emerges as a more relevant inflation driver than the … ; terms of trade fluctuations ; inflation dynamics ; GMM estimation …

presents the first structural Phillips curve estimations for a New EU Member State economy. We find that Hungarian inflation … imported goods as intermediate production goods. Our estimation results indicate that Hungarian inflation is significantly more … inertial than Euro area inflation. Hungarian inflation inertia appears to be the result of pervasive backward looking price …

).the findings suggest that inflation is persistent phenomenon in Pakistan and past inflation is having significant explanatory power …. Contrary to conventional wisdom, the output gap is not statistically significant in explaining inflation in Pakistan. We also … analyze the change in inflation dynamics across time. Results are robust when different proxies are used for output gap. It …