Borgersen, Trond-Arne; King, Roswitha M. - In: Eastern European Economics 49 (2011) 3, pp. 26-53
This paper applies and extends the Scandinavian model of inflation for analyzing determinants of inflation in Latvia during the period 1996-2007. Until the outbreak of the financial crisis in 2007, high inflation was a persistent problem for advocates of Latvian participation in the Euro...