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



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Autore: Stavrev Emil Visualizza persona
Titolo: Forces Driving Inflation in the New EU10 Members / / Emil Stavrev Visualizza cluster
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  Visualizza cluster
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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Serie: IMF Working Papers; Working Paper ; ; No. 2009/051