Darvas, Zsolt and Varga, Balázs (2013) Inflation persistence in Central and Eastern European countries. Bruegel Working Paper 2013/04, 22 July 2013. [Working Paper]
| PDF - Published Version Download (1816Kb) | Preview |
Abstract
This paper studies inflation persistence with time-varying coefficient autoregressions for twelve central European countries,in comparison with the United States and the euro area. Inflation persistence tends to be higher in times of high inflation. Since the oil price shocks, inflation persistence has declined both in the US and euro-area. In most central and eastern European countries, for which our study covers 1993-2012, inflation persistence has also declined, with the main exceptions of the Czech Republic, Slovakia and Slovenia, where persistence seems to be rather stable.
Export/Citation: | EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL |
Social Networking: |
Item Type: | Working Paper |
---|---|
Subjects for non-EU documents: | EU policies and themes > External relations > EU-US EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy |
Subjects for EU documents: | UNSPECIFIED |
EU Series and Periodicals: | UNSPECIFIED |
EU Annual Reports: | UNSPECIFIED |
Series: | Series > Bruegel (Brussels) > Working Papers |
Depositing User: | Phil Wilkin |
Official EU Document: | No |
Language: | English |
Date Deposited: | 23 Jul 2013 15:02 |
Number of Pages: | 24 |
Last Modified: | 23 Jul 2013 15:02 |
URI: | http://aei-dev.library.pitt.edu/id/eprint/42913 |
Actions (login required)
View Item |