Convergence of Relative Prices and Inflation in Central and Eastern Europe:
The paper assesses inflation risks resulting from the convergence of structures of relative prices in Central and Eastern European (CEE) countries toward the European Union (EU). The basic idea of the paper is that under low downward flexibility of domestic nominal prices, the adjustment of relative...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2001
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 01/124 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The paper assesses inflation risks resulting from the convergence of structures of relative prices in Central and Eastern European (CEE) countries toward the European Union (EU). The basic idea of the paper is that under low downward flexibility of domestic nominal prices, the adjustment of relative price structures is likely to lead to higher inflation. The authors find that the degree of differences in the structures of relative prices in transition economies vis-à-vis EU economies has a strong negative relationship to price levels in the transition economies. Based on their calculations, the authors assess the likely future inflationary pressures that can stem from the remaining differences between the structures of relative prices in the CEE economies and the EU. The authors argue that their approach can be thought of as an extension of the standard Balassa-Samuelson explanation of international variability in price levels |
| Beschreibung: | 1 Online-Ressource (48 p) |
| ISBN: | 1451854722 9781451854725 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:24Z |
| indexdate | 2024-07-10T09:35:32Z |
| institution | BVB |
| isbn | 1451854722 9781451854725 |
| language | English |
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| oclc_num | 1337129774 |
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| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
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| physical | 1 Online-Ressource (48 p) |
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| spelling | Holub, Tomás Verfasser aut Convergence of Relative Prices and Inflation in Central and Eastern Europe Holub, Tomás Washington, D.C International Monetary Fund 2001 1 Online-Ressource (48 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 01/124 The paper assesses inflation risks resulting from the convergence of structures of relative prices in Central and Eastern European (CEE) countries toward the European Union (EU). The basic idea of the paper is that under low downward flexibility of domestic nominal prices, the adjustment of relative price structures is likely to lead to higher inflation. The authors find that the degree of differences in the structures of relative prices in transition economies vis-à-vis EU economies has a strong negative relationship to price levels in the transition economies. Based on their calculations, the authors assess the likely future inflationary pressures that can stem from the remaining differences between the structures of relative prices in the CEE economies and the EU. The authors argue that their approach can be thought of as an extension of the standard Balassa-Samuelson explanation of international variability in price levels Online-Ausg Cihák, Martin Sonstige oth http://elibrary.imf.org/view/IMF001/01361-9781451854725/01361-9781451854725/01361-9781451854725.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Holub, Tomás Convergence of Relative Prices and Inflation in Central and Eastern Europe |
| title | Convergence of Relative Prices and Inflation in Central and Eastern Europe |
| title_auth | Convergence of Relative Prices and Inflation in Central and Eastern Europe |
| title_exact_search | Convergence of Relative Prices and Inflation in Central and Eastern Europe |
| title_exact_search_txtP | Convergence of Relative Prices and Inflation in Central and Eastern Europe |
| title_full | Convergence of Relative Prices and Inflation in Central and Eastern Europe Holub, Tomás |
| title_fullStr | Convergence of Relative Prices and Inflation in Central and Eastern Europe Holub, Tomás |
| title_full_unstemmed | Convergence of Relative Prices and Inflation in Central and Eastern Europe Holub, Tomás |
| title_short | Convergence of Relative Prices and Inflation in Central and Eastern Europe |
| title_sort | convergence of relative prices and inflation in central and eastern europe |
| url | http://elibrary.imf.org/view/IMF001/01361-9781451854725/01361-9781451854725/01361-9781451854725.xml |
| work_keys_str_mv | AT holubtomas convergenceofrelativepricesandinflationincentralandeasterneurope AT cihakmartin convergenceofrelativepricesandinflationincentralandeasterneurope |