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

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    SYSNO ASEP0316969
    Document TypeJ - Journal Article
    R&D Document TypeThe record was not marked in the RIV
    Subsidiary JOstatní články
    TitleInflation persistence: is it similar in the new EU member states and the euro area members?
    Author(s) Franta, Michal (NHU-N)
    Saxa, Branislav (NHU-N)
    Šmídková, K. (CZ)
    Source TitleIES Working Paper Series
    -, 25/2008 (2008), s. 1-35
    Number of pages35 s.
    Publication formwww - www
    Languageeng - English
    CountryCZ - Czech Republic
    Keywordsinflation persistence ; new EU member states ; new hybrid Phillips curve
    Subject RIVAH - Economics
    CEZAV0Z70850503 - NHU-N (2005-2011)
    AnnotationInflation 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.
    WorkplaceEconomics Institute
    ContactTomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
    Year of Publishing2009
Number of the records: 1  

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