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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17843| Title: | Nonmonetary Determinants of Inflation in Romania: A Decomposition |
| Keywords: | E58 ddc:330 inflation panel data transition economics Inflationsrate Inflation Übergangswirtschaft Strukturwandel Dekompositionsverfahren Schätzung Rumänien |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | 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-?-vis the EU-8. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17843 |
| Other Identifiers: | http://hdl.handle.net/10419/17843 ppn:527433993 |
| Appears in Collections: | EconStor |
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