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 …

part of the excess inflation registered in European catching-up countries, while other factors may be at play. The role of … growth (i.e. the difference between traded and non-traded sector productivity growth) on the dual inflation differential is … foster excess inflation in a catching-up country which cannot be accounted for by the process of real convergence. …

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 …

The Balassa–Samuelson (B–S) hypothesis suggests that, in catching-up countries, inflation will be comparatively higher … part of the excess inflation observed in European catching-up countries. One feature of these studies is their neglect of … non-traded sectors) on the dual inflation differential is twice as large as that in “flexible” countries. We conclude that …

respect to their previously used systems of exchange rate regimes. Also experiences concerning suppressing inflation and … examine formation of inflation processes within the conditions of various exchange rate regimes existing in the analyzed …

respect to their previously used systems of exchange rate regimes. Also experiences concerning suppressing inflation and … examine formation of inflation processes within the conditions of various exchange rate regimes existing in the analyzed …

inflation, given the trade deficit. So short-term nominal depreciation maintained a long-term real fix. But with two-way nominal …. After the crisis, capital flows were allowed to drive the exchange rate, aggravating inflation and acting against macro …

inflation in the enlarged euro area, but only to inflation redistribution across countries if continuity of the monetary policy … framework is preserved. In the short term, unanticipated shocks to the real exchange rate may instead affect aggregate inflation … if member countries' economic structure differs. When comparing welfare, inflation and output stabilisation, we find that …