Égert, Balázs (contributor); … - 2004
catching-up,
although its importance for the price level convergence of transition economies has been
questioned lately. Macro-economic …, 2002, Égert et al., 2003, Mihajlek and Klau, 2004). Macro-economic models
and reduced-form equations have also been used ….
2
The term “transition economy” is used throughout the paper instead of “new EU member state” (Czech
Republic, Estonia …