Republic of Lithuania; Selected Issues

This Selected Issues paper looks at short-term inflation dynamics in the new member states (NMS) of the European Union, focusing on the role of monetary policy regimes. It models the determinants of inflation in the NMS and assesses how different theoretical frameworks best fit the data. The paper investigates the macroeconomic performance of currency boards within the group of NMS, evaluates their role in reducing inflation, and identifies some of their distinctive characteristics. The paper also examines the current account sustainability for Lithuania.

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Year of publication:	2005-03-31
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic conditions \| Selected issues \| inflation \| inflation dynamics \| monetary policy \| monetary fund \| money growth \| lower inflation \| macroeconomic performance \| money demand \| relative price \| monetary economics \| annual inflation \| inflation performance \| low inflation \| money supply \| monetary policy regime \| inflationary pressures \| inflation equation \| central bank \| relative prices \| monetary policy regimes \| inflation rate \| monetary regime \| average price level \| actual inflation \| inflation process \| inflation forecasts \| macroeconomic stability \| rational expectations \| price level \| gdp deflator

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 05/122 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005591070