Horváth, Roman; Koprnická, Kamila - Institut ekonomických studií, Univerzita Karlova v Praze - 2008
In this paper, we examine the determinants of inflation differentials in a panel of the new European Union member states vis-à-vis the euro area in 1997-2007. Our main results are as follows. Exchange rate appreciation and higher price level in the new EU members is associated with narrower...