Inflation persistence: is it similar in the new EU member states and the euro area members?

0316969 - NHÚ 2009 CZ eng J - Článek v odborném periodiku
Franta, Michal - Saxa, Branislav - Šmídková, K.
Inflation persistence: is it similar in the new EU member states and the euro area members?
IES Working Paper Series. -, 25/2008 (2008), s. 1-35
Grant ostatní: Česká národní banka(CZ) B4/2003
Výzkumný záměr: CEZ:AV0Z70850503
Klíčová slova: inflation persistence * new EU member states * new hybrid Phillips curve
Kód oboru RIV: AH - Ekonomie
http://ies.fsv.cuni.cz/default/file/download/id/9070

Inflation persistence has been put forward as one of the potential reasons of divergence among euro area members. It has also been proposed that the new EU Member States (NMS) may struggle with even higher persistence due to convergence factors. We argue that persistence may not be as different between the two country groups as one might expect. However, this empirical result can only be obtained if the adequate estimation methods, reflecting the scope of the convergence process the NMS went through, are applied.
Trvalý link: http://hdl.handle.net/11104/0166736