Arbeitspapier
Nonmonetary Determinants of Inflation in Romania: A Decomposition
Why is inflation, 15 years after transition started, still considerably higher in Romania than in the eight EU member states (EU-8) that joined in May 2004? Panel estimation based on ten central and eastern European countries allows us to decompose the inflation differential between Romania and the EU-8. The decomposition suggests that neither the revenue, nor the balance of payments, nor the financial stability motive are driving inflation; rather structural differences are at play. The employment motive, together with indicators reflecting the prolonged structural change, explain most of the inflation gap vis-?-vis the EU-8.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1322
- Klassifikation
-
Wirtschaft
Central Banks and Their Policies
- Thema
-
inflation
panel data
transition economics
Inflationsrate
Inflation
Übergangswirtschaft
Strukturwandel
Dekompositionsverfahren
Schätzung
Rumänien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hammermann, Felix
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hammermann, Felix
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2007
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