LEADER 04796oam 22010934 450 001 9910788339603321 005 20230721045614.0 010 $a1-4623-9815-4 010 $a1-4527-8841-3 010 $a1-4518-7199-6 010 $a9786612842733 010 $a1-282-84273-0 035 $a(CKB)3170000000055218 035 $a(EBL)1608213 035 $a(SSID)ssj0000940841 035 $a(PQKBManifestationID)11494017 035 $a(PQKBTitleCode)TC0000940841 035 $a(PQKBWorkID)10955967 035 $a(PQKB)10706947 035 $a(OCoLC)650292074 035 $a(MiAaPQ)EBC1608213 035 $a(IMF)WPIEE2009051 035 $a(EXLCZ)993170000000055218 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aForces Driving Inflation in the New EU10 Members /$fEmil Stavrev 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (18 p.) 225 1 $aIMF Working Papers 300 $a"March 2009." 311 $a1-4519-1634-5 320 $aIncludes bibliographical references. 327 $aContents; 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 Factors 327 $a5. 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; References 330 3 $aThe paper analyzes the forces driving inflation in the new EU10 member countries. A significant part of headline inflation in these countries is due to common factors, such as price level convergence and EU integration. However, idiosyncratic factors have also played a role in the inflation process. These factors are related to the country-specific financial conditions, pass-through from foreign prices, and demand-supply situation in each country, although administered price adjustments and increases of indirect taxes associated with EU accession are also likely to have played a role. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/051 606 $aInflation (Finance)$zEurope, Eastern 606 $aFiscal policy$zEurope, Eastern 606 $aBanks and Banking$2imf 606 $aForeign Exchange$2imf 606 $aInflation$2imf 606 $aMacroeconomics$2imf 606 $aEstimation$2imf 606 $aMultiple or Simultaneous Equation Models: Models with Panel Data$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aEconomic Integration$2imf 606 $aEnergy: Demand and Supply$2imf 606 $aPrices$2imf 606 $aInterest Rates: Determination, Term Structure, and Effects$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aFinance$2imf 606 $aNominal effective exchange rate$2imf 606 $aEnergy prices$2imf 606 $aExchange rate arrangements$2imf 606 $aReal interest rates$2imf 606 $aFinancial services$2imf 606 $aInterest rates$2imf 607 $aCzech Republic$2imf 615 0$aInflation (Finance) 615 0$aFiscal policy 615 7$aBanks and Banking 615 7$aForeign Exchange 615 7$aInflation 615 7$aMacroeconomics 615 7$aEstimation 615 7$aMultiple or Simultaneous Equation Models: Models with Panel Data 615 7$aPrice Level 615 7$aDeflation 615 7$aEconomic Integration 615 7$aEnergy: Demand and Supply 615 7$aPrices 615 7$aInterest Rates: Determination, Term Structure, and Effects 615 7$aCurrency 615 7$aForeign exchange 615 7$aFinance 615 7$aNominal effective exchange rate 615 7$aEnergy prices 615 7$aExchange rate arrangements 615 7$aReal interest rates 615 7$aFinancial services 615 7$aInterest rates 700 $aStavrev$b Emil$01465934 712 02$aInternational Monetary Fund.$bEuropean Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788339603321 996 $aForces Driving Inflation in the New EU10 Members$93716447 997 $aUNINA