are clearly present and explain around 24% of inflation differentials vis-a-vis the euro area (about 1.2 percentage points … total domestic inflation (about 1.1 percentage points on average). The paper presents mixed evidence on whether the Balassa …

This study examines the impact of various monetary policy regimes on the ability to lower inflation and exchange rate … risk premiums in the EU accession countries as they undergo monetary convergence to the eurozone. It proposes a monetary … policy framework of flexible targeting of relative inflation risk premium that is believed to be credible and useful for …

to close and the greater is the danger of credit booms and overheating. We argue that inflation targeting with floating … Maastricht inflation criterion which as currently defined has lost its economic logic. -- euro area enlargement ; convergence … ; capital flows ; credit boom ; exchange rate regime ; inflation ; Maastricht …

argue that inflation targeting with floating rates is better suited than hard pegs to manage the price level catching …-up process. We suggest a modification in the Maastricht inflation criterion which as currently defined has lost its economic … logic. -- euro area ; convergence ; exchange rate ; inflation …

paper examines the distribution dynamics of inflation rates in ten EU members from CEE relative to the EMU accession … benchmark inflation over the period 1990-2009. In contrast to previous studies, we use nonparametric methods to test for … convergence in inflation rates between CEE and the EMU benchmark as well as within the CEE sample. Over the entire sample period …

of uncontested success in the fight against inflation in the first decade of the transition and economic growth, entering …