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Persistent link: https://www.econbiz.de/10011282805
In 1991, the rate of inflation in the Czech Republic, Hungary and Poland was between 35% and 70%. At the end of 2001 …
Persistent link: https://www.econbiz.de/10014120553
In this article, the issue of the monetary independence problem in view of the Romania's European Monetary Union accession is investigated empirically. It is frequently argued that for such a country, the main cost of participation in a currency area is the loss of monetary policy independence....
Persistent link: https://www.econbiz.de/10011890553
This paper examines the drivers of the post-pandemic surge in inflation in four small open economies: Czechia, Hungary …, Poland, and Slovakia. For this purpose, a Bayesian structural vector autoregressive model with sign-zero restrictions and … countries, whereas domestic demand shocks were much less influential. Exchange rate shocks were pronounced in Hungary only …
Persistent link: https://www.econbiz.de/10015075531
be described as asymmetric in three new European Union (EU) members (the Czech Republic, Hungary, and Poland) which apply …
Persistent link: https://www.econbiz.de/10013104168
Persistent link: https://www.econbiz.de/10012404233
The paper presents evidence on exchange rate pass-through and the "Fear of Floating" hypothesis before and after Inflation Targeting for a set of developed and emerging market economies. We use a structural VAR model to estimate the effect of depreciations on prices. The results support the view...
Persistent link: https://www.econbiz.de/10003368050
, based on a panel of four biggest Central European countries (the Czech Republic, Hungary, Poland and Slovakia) confirm …
Persistent link: https://www.econbiz.de/10003973003
five inflation targeting countries (the Czech Republic, Hungary, Poland, Sweden and the United Kingdom). We find that in …
Persistent link: https://www.econbiz.de/10009566420
, Hungary, Poland, Sweden and the United Kingdom). Subject to various sensitivity tests, it is found that the democratic version …
Persistent link: https://www.econbiz.de/10009389058