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 …

monetary expansion and inflation under control. Lithuania undertook several currency reforms. After two year experience of the … the economy due to the sharp fall of the inflation. The currency board system has been proposed as a reasonable solution …. Central Banks of Estonia and Lithuania are operating under the currency board arrangement. The main objective was to keep …

to a product's tradability. For individual products, LOP deviations are affected by their own inflation rates and, to a … lesser extent, by aggregate inflation, output variations, and monetary variability. Interestingly, the trend behavior remains …