Artikel
A Comparative Analysis of Real and Predicted Inflation Convergence in Cee Countries During the Economic Crisis
The main objective of this study is to make a comparative analysis of inflation convergence in Central-Eastern European countries (CEE countries) during the economic crisis over 2008-2013. For Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia the inflation convergence has decreased in the analyzed period, the coefficient of variation (64.22%) showing strong divergence compared to the slow divergence indirectly predicted by the European Commission. The negative catch-up rates for Bulgaria, Poland and Slovakia explain the large negative consequences of the actual economic crisis for these countries. The Fisher-type test for panel data indicated no convergence for real and predicted inflation convergence. The analysis based on random effects models indicated an inflation convergence rate of 15.47% in CEE economies compared to a predicted convergence rate of 2.04%.
- Language
-
Englisch
- Bibliographic citation
-
Journal: CES Working Papers ; ISSN: 2067-7693 ; Volume: 6 ; Year: 2014 ; Issue: 2 ; Pages: 142-155 ; Iasi: Alexandru Ioan Cuza University of Iasi, Centre for European Studies
- Classification
-
Wirtschaft
Forecasting Models; Simulation Methods
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
Monetary Policy
- Subject
-
convergence
forecasts
accuracy
catch-up rate
panel unit root test Romania
- Event
-
Geistige Schöpfung
- (who)
-
Simionescu, Mihaela
- Event
-
Veröffentlichung
- (who)
-
Alexandru Ioan Cuza University of Iasi, Centre for European Studies
- (where)
-
Iasi
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Simionescu, Mihaela
- Alexandru Ioan Cuza University of Iasi, Centre for European Studies
Time of origin
- 2014
Other Objects (12)
Regional convergence in CEE before and after the Global Financial Crisis
Regional convergence in CEE before and after the Global Financial Crisis
Regional convergence in CEE before and after the Global Financial Crisis
Cee Cee Berlin
Regional inflation convergence in Turkey
Real convergence, price level convergence and inflation in Europe
Cee Cee Berlin, No. 2
Economic crisis slows European convergence
Real convergence, price level convergence and inflation differentials in Europe
Real Convergence, Price Level Convergence and Inflation Differentials in Europe
Exchange Rate Management and Inflation Targeting in the CEE Accession Countries
The Second Screen: Convergence as Crisis
Regional convergence in CEE before and after the Global Financial Crisis
Regional convergence in CEE before and after the Global Financial Crisis
Regional convergence in CEE before and after the Global Financial Crisis
Cee Cee Berlin
Regional inflation convergence in Turkey
Real convergence, price level convergence and inflation in Europe
Cee Cee Berlin, No. 2
Economic crisis slows European convergence
Real convergence, price level convergence and inflation differentials in Europe
Real Convergence, Price Level Convergence and Inflation Differentials in Europe
Exchange Rate Management and Inflation Targeting in the CEE Accession Countries
The Second Screen: Convergence as Crisis
Regional convergence in CEE before and after the Global Financial Crisis
Regional convergence in CEE before and after the Global Financial Crisis
Regional convergence in CEE before and after the Global Financial Crisis
Cee Cee Berlin
Regional inflation convergence in Turkey
Real convergence, price level convergence and inflation in Europe
Cee Cee Berlin, No. 2
Economic crisis slows European convergence
Real convergence, price level convergence and inflation differentials in Europe
Real Convergence, Price Level Convergence and Inflation Differentials in Europe
Exchange Rate Management and Inflation Targeting in the CEE Accession Countries