03205nam 2200601Ia 450 991046424510332120170814175858.01-4623-9815-41-4527-8841-31-4518-7199-697866128427331-282-84273-0(CKB)3170000000055218(EBL)1608213(SSID)ssj0000940841(PQKBManifestationID)11494017(PQKBTitleCode)TC0000940841(PQKBWorkID)10955967(PQKB)10706947(OCoLC)650292074(MiAaPQ)EBC1608213(EXLCZ)99317000000005521820090811d2009 uf 0engur|n|---|||||txtccrForces driving inflation in the new EU10 members[electronic resource] /prepared by Emil Stavrev[Washington, D.C.] International Monetary Fund, European Dept.20091 online resource (18 p.)IMF working paper ;WP/09/51"March 2009."1-4519-1634-5 Includes bibliographical references.Contents; I. Introduction; II. Related Literature; III. Inflation Dynamics in MNS: Background; Tables; 1. NMS and Euro Area: Energy and Food Intensity; Figures; 1. Euro Area: Contribution of Energy and Food to Headline Inflation; 2. NMS: Contribution of Energy and Food to Headline Inflation; IV. Methods and Data; A. Generalized Dynamic Factor Model; 3. NMS: Price level, Inflation, and Exchange Rate Regime; B. Modeling Common and Country-specific Components; C. Data Description; V. Discussion of the Results; A. GDFM Results; 4. Cumulative Share of Data Variance Explained by Common Factors5. NMS: Headline and One Common Factor InflationB. Determinants of Common and Country-specific Inflation; 2. NMS: Determinants of Common Component; VI. Concluding Remarks; 3. NMS: Determinants of Country-specific Component; ReferencesThe paper analyzes the forces driving inflation in the new EU10 member countries. A significant part of headline inflation in these countries is due to common factors, such as price level convergence and EU integration. However, idiosyncratic factors have also played a role in the inflation process. These factors are related to the country-specific financial conditions, pass-through from foreign prices, and demand-supply situation in each country, although administered price adjustments and increases of indirect taxes associated with EU accession are also likely to have played a role.IMF working paper ;WP/09/51.Inflation (Finance)Europe, EasternFiscal policyEurope, EasternElectronic books.Inflation (Finance)Fiscal policyStavrev Emil857610International Monetary Fund.European Dept.MiAaPQMiAaPQMiAaPQBOOK9910464245103321Forces driving inflation in the new EU10 members1999702UNINA