Forces Driving Inflation in the New EU10 Members / / Emil Stavrev

• Autore: Stavrev Emil
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (18 p.)
• Disciplina: 338.495319
• Soggetto topico: Inflation (Finance) - Europe, Eastern; Fiscal policy - Europe, Eastern; Banks and Banking; Currency; Deflation; Economic Integration; Energy prices; Energy: Demand and Supply; Estimation; Exchange rate arrangements; Finance; Financial services; Foreign Exchange; Foreign exchange; Inflation; Interest rates; Interest Rates: Determination, Term Structure, and Effects; Macroeconomics; Multiple or Simultaneous Equation Models: Models with Panel Data; Nominal effective exchange rate; Price Level; Prices; Real 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.: 9910827087003321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/051