Exchange Rate Policy and Inflation in Acceding Countries: The Role of Pass-through
dc.contributor.author | Coricelli, Fabrizio | en_US |
dc.contributor.author | Jazbec, Boštjan | en_US |
dc.contributor.author | Masten, Igor | en_US |
dc.date.accessioned | 2006-08-01T15:39:45Z | |
dc.date.available | 2006-08-01T15:39:45Z | |
dc.date.issued | 2004-04-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2004-674 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/40060 | en_US |
dc.description.abstract | This paper analyzes the link between the choice of exchange rate regime and inflationary performance in four acceding countries to the EU: the Czech Republic, Hungary, Poland and Slovenia. The results allow a clear ranking of countries according to the size of the pass-through effect and the importance of exchange rate shocks to overall inflationary performance. In particular, perfect pass-through effect can be associated with accommodative exchange rate policy, which can moreover become the most important source of inflationary pressures. The analysis suggests that for CEEC-4 an early adoption of the Euro can provide the most efficient framework for reducing inflation. | en_US |
dc.format.extent | 51556 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 469693 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 674 | en_US |
dc.subject | EMU Accession, Pass-through Effect, I(2) Cointegration Analysis, Policy Accommodation | en_US |
dc.subject.other | E42, E52, E58, C32 | en_US |
dc.title | Exchange Rate Policy and Inflation in Acceding Countries: The Role of Pass-through | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/40060/3/wp674.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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