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

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    0316969 - NHU-N 2009 CZ eng J - Journal Article
    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 - others:Česká národní banka(CZ) B4/2003
    Institutional research plan: CEZ:AV0Z70850503
    Keywords : inflation persistence * new EU member states * new hybrid Phillips curve
    Subject RIV: AH - Economics
    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.
    Permanent Link: http://hdl.handle.net/11104/0166736