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Autore: | Stavrev Emil |
Titolo: | Forces Driving Inflation in the New EU10 Members / / Emil Stavrev |
Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica: | 1 online resource (18 p.) |
Soggetto topico: | Inflation (Finance) - Europe, Eastern |
Fiscal policy - Europe, Eastern | |
Banks and Banking | |
Foreign Exchange | |
Inflation | |
Macroeconomics | |
Estimation | |
Multiple or Simultaneous Equation Models: Models with Panel Data | |
Price Level | |
Deflation | |
Economic Integration | |
Energy: Demand and Supply | |
Prices | |
Interest Rates: Determination, Term Structure, and Effects | |
Currency | |
Foreign exchange | |
Finance | |
Nominal effective exchange rate | |
Energy prices | |
Exchange rate arrangements | |
Real interest rates | |
Financial services | |
Interest rates | |
Soggetto geografico: | Czech Republic |
Note generali: | "March 2009." |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | 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 Factors |
5. 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 | |
Sommario/riassunto: | The 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. |
Titolo autorizzato: | Forces Driving Inflation in the New EU10 Members |
ISBN: | 1-4623-9815-4 |
1-4527-8841-3 | |
1-4518-7199-6 | |
9786612842733 | |
1-282-84273-0 | |
Formato: | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910788339603321 |
Lo trovi qui: | Univ. Federico II |
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