04877oam 22011294 450 991082708700332120200520144314.01-4623-9815-41-4527-8841-31-4518-7199-697866128427331-282-84273-0(CKB)3170000000055218(EBL)1608213(SSID)ssj0000940841(PQKBManifestationID)11494017(PQKBTitleCode)TC0000940841(PQKBWorkID)10955967(PQKB)10706947(OCoLC)650292074(MiAaPQ)EBC1608213(IMF)WPIEE2009051(IMF)WPIEA2009051(EXLCZ)99317000000005521820020129d2009 uf 0engur|n|---|||||txtccrForces Driving Inflation in the New EU10 Members /Emil Stavrev1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (18 p.)IMF Working Papers"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 Papers; Working Paper ;No. 2009/051Inflation (Finance)Europe, EasternFiscal policyEurope, EasternBanks and BankingimfCurrencyimfDeflationimfEconomic IntegrationimfEnergy pricesimfEnergy: Demand and SupplyimfEstimationimfExchange rate arrangementsimfFinanceimfFinancial servicesimfForeign ExchangeimfForeign exchangeimfInflationimfInterest ratesimfInterest Rates: Determination, Term Structure, and EffectsimfMacroeconomicsimfMultiple or Simultaneous Equation Models: Models with Panel DataimfNominal effective exchange rateimfPrice LevelimfPricesimfReal interest ratesimfCzech RepublicimfInflation (Finance)Fiscal policyBanks and BankingCurrencyDeflationEconomic IntegrationEnergy pricesEnergy: Demand and SupplyEstimationExchange rate arrangementsFinanceFinancial servicesForeign ExchangeForeign exchangeInflationInterest ratesInterest Rates: Determination, Term Structure, and EffectsMacroeconomicsMultiple or Simultaneous Equation Models: Models with Panel DataNominal effective exchange ratePrice LevelPricesReal interest rates338.495319Stavrev Emil1594423International Monetary Fund.European Dept.DcWaIMFBOOK9910827087003321Forces Driving Inflation in the New EU10 Members4006361UNINA