Format:
Online-Ressource, 21 S., Text
,
graph. Darst.
Series Statement:
Kiel working paper 1322
Content:
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-à-vis the EU-8.
Note:
Systemvoraussetzungen: Acrobat Reader.
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
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