المستودع الأكاديمي جامعة المدينة

What Explains Persistent Inflation Differentials Across Transition Economies?

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dc.creator Hammermann, Felix
dc.creator Flanagan, Mark
dc.date 2007
dc.date.accessioned 2013-10-16T06:57:12Z
dc.date.available 2013-10-16T06:57:12Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17883
dc.identifier ppn:540151084
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17883
dc.description Panel estimates based on 19 transition economies suggests that some central banks may aim at comparatively high inflation rates mainly to make up for, and to perhaps exploit, lagging internal and external liberalization in their economies. Out-of-sample forecasts, based on expected developments in the underlying structure of these economies, and assuming no changes in institutions, suggest that incentives may be diminishing, but not to the point where inflation levels below 5 percent could credibly be announced as targets. Greater economic liberalization would help reduce incentives for higher inflation, and enhancements to central bank independence could help shield these central banks from pressures.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1373
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject P24
dc.subject E58
dc.subject ddc:330
dc.subject inflation
dc.subject transition economies
dc.subject panel data
dc.subject Inflationsrate
dc.subject Inflation
dc.subject Übergangswirtschaft
dc.subject Geldpolitik
dc.subject Schätzung
dc.subject Osteuropa
dc.title What Explains Persistent Inflation Differentials Across Transition Economies?
dc.type doc-type:workingPaper


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